Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index
Devanghshu Datta looks at the historical trends and explains why there is room for an outperformance from smaller stocks, especially the small-caps
We have witnessed a good base building in the ITC stock and finally, it has managed to come out of its slumber
The latest 1,000 points has taken just 25 days same as the previous 1,000.
The broader markets, however, came under selling pressure. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively
Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
The optimism despite higher borrowing and a wider fiscal deficit, analysts say, was on account of the positive measures to revive the Covid-19 hit economy
All that happened in the markets today
India VIX ticked up 4 per cent
Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week
All the key sectoral indices ended the day in a sea of red
Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent
Profits booked in these funds should be deployed in a diversified EM fund
Stock market LIVE updates: India VIX cools off 6%
Stock market updates: India VIX ticked up 5 per cent
The Nifty IT index plunged 2.24 per cent and was the top sectoral loser on the NSE
The index is reconstituted semi-annually, considering six months data ending January and July