India stock markets touch record high |
Indian Equity benchmarks galloped to lifetime highs on 21st January. This happened in lockstep with global markets which surged after US President Joe Biden`s inauguration amid expectations of fresh stimulus by the incoming administration. BSE Sensex hit the 50,000-mark for the first time in its history, rising 200 points on Thursday morning while the NSE Nifty topped the 14,700 marks. On 20th January, the 30-share BSE Sensex rallied for the second straight day and advanced by 393.83 or 0.80 percent to close at its fresh record of 49,792.12. The broader NSE Nifty jumped 123.55 points or 0.85 percent to settle at a lifetime high of 14,644.70. Foreign portfolio investors were buyers of domestic stocks to the tune of 313.6 million dollars. DIIs were the net sellers to the tune of 118.4 million dollars. The market experts are hopeful that the trend will continue for some time. This will help revive the pandemic-hit economy.
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