Sensex at day`s high, Nifty above 15,550 by Mr. Aamar Deo Singh, Angel Broking Ltd
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Below are Quote on Sensex at day's high, Nifty above 15,550 by Mr. Aamar Deo Singh, Head Advisory, Angel Broking Ltd
Benchmark indices hit record highs in today’s trading session with Nifty touching all-time high of 15,573 intraday, led by Reliance, which has broken out of the consolidation zone, and since it has a major weightage in Nifty, its positive movement is bound to be good news for the markets. Banking & IT stocks have also supported the current rally, including the likes of SBI, ICICI Bank, Axis Bank, TCS & Infosys, to name a few. Even the derivatives data continues to be extremely bullish, which further adds to the up move. And all this on the day, when Asian markets remain weak. Receding lockdown fears and hope of better economic recovery in coming quarters, is supportive. However, as markets are at record levels, they generally tend to be extremely volatile, so caution should not be abandoned.
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