The stock market set a new record for the fastest growth.
The Indian stock market was on a strong trend today. The Sensex and Nifty closed higher for the third day in a row. Not only that, 9 out of 11 trading sessions held till December 2020 have closed with share gains.
- Last updated:
15 December 2020, 9:47 PM IST
Asian stock markets fall except in India
Foreign portfolio investors (FPIs) traded at Rs 2,264.38 crore on Monday. Among other Asian instruments, China’s Shanghai Composite, South Korea’s Kospi, Hong Kong’s Hanseng and Japan’s Nikkei fell. European markets showed gains in early trade. However, the afternoon profit booking led to a shift in the Indian stock market. This time, the Nifty appeared around 13500. Banks were hit hardest while Nifty Bank fell by 300 points. However, the Nifty Bank recorded an increase during the recovery period.
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Today’s top loss and gain
Among the Sensex companies, Bajaj Finance gained the most. Shares of Bajaj Finserv, HDFC, Tech Mahindra, HDFC Bank, Ultratech Cement and Tata Steel also closed higher. At the same time, shares of Hindustan Unilever, Nestle India, ICICI Bank, Axis Bank, SBI, TCS and ITC declined. S&P Global Ratings has raised India’s growth forecast for the current fiscal to -7.7 per cent, which is better than the previous year. The market improved in the last hour after the news came.
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Buried in Burger King’s stock
Burger King’s stock was still strong today. Today again it jumped 20 percent. In the last hour, the Sensex-Nifty hit a quick hat-trick on the strength of the market recovery. In December 2020, the stock market closed higher on 11 closed trading sessions so far. Metals, vehicles, consumer durables, auto purchases in stock. The metal index closed at a 19-month high. However, oil-gas, IT and FMCG stocks remained under pressure. Global benchmark Brent crude oil futures rose 0.16 percent to 50 50.37 a barrel.