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A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter - the most since 2009
A strengthening rupee and robust foreign fund inflows further buoyed sentiment, traders said
During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26 per cent
Subdued global markets and a flat rupee capped the gains, analysts said
The Sensex rose 347 points, or 0.77 per cent, to end at 45,427, while the Nifty gained 97 points, or 0.73 per cent, to close at 13,356
The S&P BSE Sensex hit a record high on Friday and breached 45,000 mark to hit a high of 45,033.19 in intra-day deals
However, Maruti, ONGC, IndusInd Bank, Tech Mahindra and Infosys dipped up to 0.87 per cent
Some investors are playing the momentum game in stocks
After touching a record intra-day high of 44,271.15, Sensex ended 194.90 points or 0.44 per cent higher at 44,077.15
Several brokerages are advising their retail clients to buy shares of TCS to benefit from the arbitrage opportunity created by its Rs 16,000-crore share repurchase programme
A recovering rupee and unabated foreign fund inflows added to the momentum, traders said. After a choppy session, the Sensex ended 282.29 points, or 0.65 per cent higher, at 43,882.3
Analysts said the market had entered overbought territory and was precariously poised after the sharp run-up this month
The Sensex vaulted 227.34 points, or 0.52 per cent, to close above the 44,000-level for the first time at 44,180.05
A recovering rupee added to the buying momentum, traders said
Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September
As against the pre-Covid peak of 41,945 that the S&P BSE Sensex attained in January 2020, the Hindu accounting year ended 3.6 per cent up at 43,443 points
Analysts believe the markets remain in the control of bulls and the Nifty will soon scale the 13,000-mark
The 30-share BSE Sensex ended 85.81 points or 0.20 per cent higher at 43,443. The broader NSE Nifty rose 29.15 points or 0.23 per cent to 12,719.95
Lacklustre global cues and a weakening rupee further weighed on sentiment, traders said. After dropping 466.12 points during the day, Sensex ended 236.48 points or 0.54 per cent lower at 43,357.19
The government approving a Rs 2-trillion production-linked incentive package for various sectors, also buoyed investors, traders said