2023-12-01 07:16:58
Indian Stock Market Surges as Nifty Hits New All-Time High
The Indian stock market kicked off the weekend trading on a bullish note, with the benchmark Sensex rising 435.85 points or 0.65% to 67,430.66. The benchmark Nifty also gained 125 points or 0.62% to 20,257.25, hitting a new all-time high. This comes after the Nifty reached a record high of 20,222.45 points on September 15 and is now trading at 20,260.20 points at the beginning of today’s trading hours.
The Union Finance Ministry is expected to announce the draft economic plans for India, while RBI’s monetary policy announcement is due next week. Additionally, state-run oil companies have hiked the price of a commercial cylinder by Rs 21, effective from December 1. This increase will see commercial LPG, including for restaurant use, priced at Rs 1775.50 in Delhi, Rs 1749 in Mumbai, Rs 1,908 in Kolkata, and Rs 1968.50 in Chennai.
On the stock market front, five companies were listed yesterday, and investors were delighted with the rise in Flair Writing shares today. Notably, Tata Tech’s value surged.
Several companies are trading with profit, including NTPC, ITC, Larsen, Coal India, SBI, Bank of India, Asian Paints, Bajaj Finance, Powergrid Corp, Grasium, ICICCI Bank, Britannia, Maruti Suzuki, Tata Steel, Hero Motor Corp, ONGC, Adani Enterprises, Reliance, Adani Ports, each Motors, Hindalco, UPL, TCS, Kodak Mahindra, Sun Pharma, Bharti Airtel, Tata Cons Broad, and HDFC.
On the other hand, some companies are trading at a loss, including Bajaj Auto, Virbo, SBI Life Insurance, Cipla, Tech Mahindra, Infosys, Tata Motors, Ultratech Company, Nestlé, and M&M.
Overall, the Indian stock market is off to a strong start, with several companies showing positive performance as the week progresses.
#Nifty #Fresh #Alltime #High #Sensex #Points #Flair #Writing #Lists #Premium