Nifty jumped 98 points to new record level, Sensex gained 308 points
Reliance Industries, HDFC Bank, HDFC and Kotak Bank gained 308 points on Friday, with gains in stocks and positive signals from global markets, while the Nifty reached a new record level. Analysts said a decrease in cases of Kovid-19 infection also boosted investor sentiment. The 30-share BSE Sensex gained 307.66 points, or 0.60 per cent, to close at 51,422.88. The Nifty of the National Stock Exchange closed at its new record high of 15,435.65, up 97.80 points or 0.64 per cent. Among the Sensex companies, Reliance Industries shares rose the most by nearly six per cent. Mahindra & Mahindra, HDFC Bank, HDFC, Kotak Bank, ITC and Bharti Airtel were also profitable. On the other hand, Sun Pharma, Bajaj Finserv, ICICI Bank and Dr. Reddy’s were the losers. Vinod Modi, head of strategy, Reliance Securities, said, “The prospects of recovery in the economy and good fourth quarter results of the companies have strengthened investor sentiments. With this, the local market has reached new heights. The market gained strength in the stock of Reliance Industries. ”He said that the market capitalization of BSE listed companies crossed the $ 3,000 billion mark this week. He said that apart from this, new cases of Kovid-19 infection have come down to two lakhs per day and recovery rate has also improved, which has strengthened the investor perception. Among other Asian markets, Hong Kong’s Hang Seng, South Korea’s Cospi and Japan’s Nikki gained. China’s Shanghai Composite declined. European markets were in profit in afternoon trading. The international benchmark Brent crude was up 0.25 percent at 69.37 per dollar.
