The S&P BSE Sensex advanced 1.9% since Monday, completing a 10th consecutive week of gains
Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results
TCS board will consider the declaration of a third interim dividend to the equity shareholders
It took Nifty 25 sessions to cross 14,000 from 13,000-levels.
Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511
The new Covid-19 strain is a big concern for the markets now, says Ambareesh Baliga, an independent market expert
Utilities and public sector banks are the two only pockets to see contraction in P/E
The ongoing buyback of state-owned NMDC may find few takers given the sharp rally in its stock
In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers
The financial stocks have the biggest sectoral weight in the domestic stock markets
The DSP fund's strong showing comes in a year that has seen unpredictable market reversals whipsaw quant investors globally, with profound changes wrought by the pandemic
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All that happened in the markets today
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
Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance
Extended breadth is not the only signal that India's equity rebound may have run too far too fast
After scaling an all-time intra-day peak of 44,953.01, the 30-share BSE Sensex pared some gains to end 14.61 points or 0.03 per cent higher at 44,632.65
"We have been positive on sectors such as power, telecom, and metals & mining for some time now," says Nimesh Shah, managing director and chief executive officer at ICICI Prudential AMC.
The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109
India's emerging market peers Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November