MARKET UPDATE:Sensex hit a new record high of 44,161 level and Nifty hit new high of 12,934
Published On: Tuesday, November 17, 2020 | By: Team KnowMyStock
Indian equity indices hit scaled fresh lifetime highs today(17th November 2020) as positive news from Moderna Inc, that its Covid-19 vaccine has a 94.5 percent efficacy rate, boosted investor sentiment. Indices surpassed their previous highs touched on November 14 during the special one-hour Muhurat Trading. Among frontline indices, the S&P BSE Sensex hit a new record high of 44,161 levels in the opening deals, surpassing the previous high of 43,830.93 level. It was, however, later trading around 43,938 levels, up 300 points or 0.7 percent. Tata Steel (up 4 percent), State Bank of India and Bharti Airtel (up 2 percent each), and Reliance Industries (up 1 percent) were the top gainers on the 30-share index. The broader Nifty50, meanwhile, hit a new high of 12,934, but later retreated to 12,882 levels, up 100 points. The index surpassed the previous lifetime high of 12,828.7.
Among key sectoral indices on the NSE, Nifty IT index slipped 0.4 per cent in early deals. On the contrary, Nifty Metal index added 2 per cent to trade as the top gainer.
In the broader market, the S&P BSE MidCap index and the S&P BSE SmallCap indices were at 16,015 levels and 15,801 levels, respectively, up 0.2 per cent each.
Tags: Indian equity market
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