The stock market set a new record for rapid growth.
There was a sharp trend in Indian stock markets today. Sensex and Nifty closed up sharply for the third consecutive trading day. Not only this, 9 days out of 11 trading sessions held till December 2020, the share market has closed with an increase.
- Last Updated:
December 15, 2020, 9:47 PM IS
Asian stock markets fall except India
Foreign portfolio investors (FPIs) made a net purchase of Rs 2,264.38 crore in the stock markets on Monday. Among other Asian markets, Shanghai Composite of China, Cospi of South Korea, Hangseng of Hong Kong and Nikki of Japan declined. European markets showed profits in early trade. However, Indian stock markets started sliding due to profit booking in the afternoon. During this time, the Nifty was seen around 13500. Banks were beaten more and Nifty Bank slipped 300 points. However, during the recovery, the Nifty Bank registered an increase.
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Today’s top losers and gainers
Among the Sensex companies, Bajaj Finance shares recorded the highest jump of nearly 5 percent. 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 raised India’s growth forecast for the current financial year to -7.7 per cent, better than before. After the news came, the market improved in the last hour.
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Buried in Burger King’s stock
Burger King’s stock was strong even today. Today again it recorded a 20 percent jump. In the last hour, the Sensex-Nifty hit a rapid hat-trick on the strength of the recovery in the market. Out of the 11 trading sessions so far in December 2020, 9 days closed with the stock market rising. Purchased in metal, auto, consumer durables, auto stocks. The metal index closed at 19 months high. However, oil-gas, IT and FMCG stocks remained under pressure. Global benchmark Brent crude oil futures rose 0.16 percent to $ 50.37 a barrel.