Nifty
India is best performing market in Sep
This move to record highs breaching the psychological 20000 mark on the Nifty has been achieved with an impressive 4.3 per cent rise in Bank Nifty, he said.
Led by PSU banks, Nifty closes above 20K for first time ever
While the Nifty 50 index climbed 76.8 points to close above the 20,000-mark at 20,070 for the first time ever, the BSE Sensex was up 245.86 points to close at 67,466 on Wednesday. Thirteen of the 15 Nifty sectoral indices ended in the green in Wednesday's session.
Historic closing high for Nifty above 20k
The Nifty 50 index climbed 75 pts to close at 200,70, while the S&P BSE Sensex rose 250 pts to close at 67,466. Thirteen of the 15 Nifty sectoral indices ended in the green in today's session.
Strong bull run has further scope of upside movement in coming days
The broader markets have indicated tremendous strength with the ongoing strong bull run and has further immense scope of upside movement in the coming days, Parekh said, adding the support for the day is seen at 19,850 levels while the resistance is seen at 20,150 levels.
Nifty covered 1000-point journey from 19K to 20K in 52 trading sessions
Recently, large caps seemed to have taken a pause while rally was seen in the broader market. But now large caps too have slowly started participating and thus going ahead we can expect the up-move to be led by both large caps and mid-small caps, Siddhartha Khemka said.
Nifty breaches 20K for first time
Robust flows from the local investors amidst mixed and negative flows from foreigners have helped Nifty achieve this landmark, he said.
Nifty likely to make another attempt to cross 20K mark
But investors have to be cautious since fundamentals do not support a sustained rise above 20,000. Large FII selling may re-emerge at higher levels, he added.
Buoyant sentiments may lift Nifty towards 20K mark over next few days
With monsoon gradually improving and India hosting G20 summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20K mark over the next few days, he added.
Nifty registers best week in 2 months after rising for 6 consecutive sessions
Volumes on the NSE again spiked to higher than recent average. Midcap index rose more than the Nifty even as the advance decline ratio stayed high at 1.15:1, he said.
Nifty closes higher for 5th straight day on account of short covering
Despite weak global cues, market recovered in the second half on account of short covering on the weekly expiry day, he said.
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