Markets scale new peaks on $2.three trn US stimulus, Brexit deal


Mumbai, December 28

Extending gains for the fourth straight session, key stock indices Sensex and Nifty raced to new peaks on Monday in line with broad-based rally in global equities as investors cheered a $2.3 trillion US stimulus package and last-minute Brexit deal.

The benchmark index Sensex settled up by 380.21 points at its all-time closing high of 47,353.75. The index also scaled its fresh record intra-day peak of 47,406.72 on the back of gains in banking and energy stocks.

Fourth straight session of gains

  • The Sensex settled up by 380.21 points at its all-time closing high of 47,353.75
  • It also scaled its fresh record intra-day peak of 47,406.72 on the back of gains in banking and energy stocks
  • The Nifty ended 123.95 points up at a new closing high of 13,873.20. It also touched its all-time intra-day high of 13,885.30

The NSE Nifty ended 123.95 points up at new closing high of 13,873.20. It also touched its all-time intra-day high of 13,885.30.

On the Sensex chart, Titan, SBI, L&T, IndusInd Bank, Ultratech Cement, HDFC Bank, and Asian Paints were top gainers.

Reliance Industries, Kotak Bank, HDFC, ICICI Bank, Axis Bank, Bharti Airtel and ONGC were among the gainers.

While, HUL, Sun Pharma, Dr Reddy and Bajaj FinServ closed with losses. Of the Sensex constituents, 26 stocks settled with gains and four with losses.

In the previous trading day on Thursday, the Sensex had surged 529.36 points to close at 46,973.54. The broader NSE Nifty had zoomed 148.15 points to 13,749.25. Markets were closed on Friday on account of Christmas.

“Indian market started on an upbeat note in the final week of the year owing to positive global cues. The global market cheered the news of the $2.3 trillion pandemic stimulus announced in the US and the historic post-Brexit trade deal struck between the UK and EU,” Vinod Nair, Head of Research at Geojit Financial services, said. — PTI



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