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(21/1/2015 - LiveBombayStockExchange)- Bull run for Indian stock markets continue and would probably remain here till the Union Finance budget is presented in Parliament on february 28, 2015. Today was a good day for benchmark Indian stock indices including BSE's SENSEX and National Stock Exchange's NIFTY50 as both indices closed at
all time high.
Investor sentiment looked bullish as foreign fund inflow and optimism about Union finance budget 2015 along with probable reduction in lending rates by RBI helped. Indian Domestic economic indicators pointed towards a stable and healthy economy and showed that current fiscal deficit is well under control.
The 30-component SENSEX ended the trading day at a all time high of 28,888.86, up by 104.19 points. Similarly NIFTY50 closed at 8729.40 up by 33.90 points today. BSE's SENSEX has already gained a whopping 1500+ points in last 5 trading sessions. Market breadth was positive with 18 out of 30 index components closing higher while 12 chose the other way. However Bombay Stock Exchange's Midcap and Smallcap index ended the day in red.
Almost all of the sectoral indices gained tosay with BSE Consumer Durables index leading the pack with gains of 1.41 percent, Metal Teck index was close second with a increase of 1.17% at close today, BSE's IT index ended the day just shy of 1 perc. rise at 0.96 perc and Auto index ended higher by just 0.07 perc. Foreign investors have put in lot of investment in last five trading sessions.
However a correction in index can be seen in coming days.
HAPPY TRADING!
all time high.
Investor sentiment looked bullish as foreign fund inflow and optimism about Union finance budget 2015 along with probable reduction in lending rates by RBI helped. Indian Domestic economic indicators pointed towards a stable and healthy economy and showed that current fiscal deficit is well under control.
The 30-component SENSEX ended the trading day at a all time high of 28,888.86, up by 104.19 points. Similarly NIFTY50 closed at 8729.40 up by 33.90 points today. BSE's SENSEX has already gained a whopping 1500+ points in last 5 trading sessions. Market breadth was positive with 18 out of 30 index components closing higher while 12 chose the other way. However Bombay Stock Exchange's Midcap and Smallcap index ended the day in red.
Almost all of the sectoral indices gained tosay with BSE Consumer Durables index leading the pack with gains of 1.41 percent, Metal Teck index was close second with a increase of 1.17% at close today, BSE's IT index ended the day just shy of 1 perc. rise at 0.96 perc and Auto index ended higher by just 0.07 perc. Foreign investors have put in lot of investment in last five trading sessions.
However a correction in index can be seen in coming days.
HAPPY TRADING!
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