Market Highlights - 17.11.2020
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💎 Sensex, Nifty end at record close led by banks, metal stocks; Tata Steel up 6%
💎 Indian shares ended at record closing highs on Tuesday after a long weekend, following gains in Asian peers, as news of another promising coronavirus vaccine lifted hopes.
💎 Investor sentiment was given a boost when US drugmaker Moderna said its experimental COVID-19 vaccine was 94.5 percent effective in preventing infection.
💎 The Sensex rose 315 points to end at a new closing high of 43,952.7 while the Nifty was up 94 points to settle at a record close of 12,874. In intraday deals as well, the benchmarks hit new highs.
💎 The Sensex surged as much as 523 points to its new all-time high of 44,161 while the Nifty rallied 154 points to its fresh high of 12,934.
💎 The Sensex surged as much as 523 points to its new all-time high of 44,161 while the Nifty rallied 154 points to its fresh high of 12,934.
💎 Markets had eked out modest gains in a one-hour special “muhurat” trading session for Diwali on Saturday and were closed on Monday.
💎 On the Nifty50 index, Tata Motors, Tata Steel, HDFC Life, SBI and Adani Ports were the top gainers while BPCL, Hero Moto, NTPC, IOC and ONGC led the losses.
💎 Broader markets were also positive for the day with the Nifty Midcap index hitting its 52-week high, up over 1 percent and the Nifty Smallcap index up 0.3 percent.
💎 Among sectors, Nifty Metal rose the most, up 2.3 percent while Nifty Bank and Nifty Fin Services were up around 2 percent each. Nifty Auto also added 1 percent. However, the FMCG, IT, and pharma indices ended in the red for the day.
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