Nifty Smallcap and Midcap indices have managed to register fresh all-time highs on closing basis, Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities, said on Tuesday.
Breadth of the market is very strong as more than 83 per cent of NSE 500 stocks are placed above their respective 200 DMA, he said.
In a volatile trading session, Nifty managed to close above the 19,300 mark at 19,343, its second consecutive session of gains, while the Sensex gained 79 points to end at 65,075...
Small and midcap indices close at fresh all-time highs
Domestic equities are a breath away from the psychological levels of 20,000.
Nifty opened flat on Thursday, but soon gained momentum to close with handsome gains of 146 points at 19,979 levels, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
All sectors ended in the green, except IT and consumer durables. BFSI, FMCG and pharma were the top gainers, up 1 pert cent each. On the backdrop of consistent FIIs buying (Rs 16,300 crore month till date), sound...
Nifty likely to cross 20K-mark on Friday
A sharp rally in IT stocks powered the Sensex to close above the 66,000-mark for the first time ever on Friday.
IT heavyweights led the rally as the BSE Sensex closed at 66,060, up 502 points.
Among IT heavyweights, TCS was up 5.1 per cent, Tech Mahindra was up 4.4 per cent, while Infosys was up 4.4 per cent.
HCL Tech was up 3.8 per cent, while Wipro was up 2.6 per cent.
Vinod Nair, Head of Research at Geojit Financial Services, said that controlled inflation in the US has instill...
Sensex closes above 66K, Nifty touches new high intraday
