The Nifty 50 index reclaimed the 20,000-mark after a span of two months.
Domestic institutional investors (DIIS) purchased shares worth a provisional ₹2,360.81 crore, while foreign portfolio investors (FPI), who nibbled at ₹71.91 crore worth of purchases, are believed to have raised their already bullish bets on stock futures, market analysts said.
The institutional buying, along with that of direct retail participation, pushed up the bellwether Nifty index to twoweek highs, up 1.04% to 20,096.60 points, and the Sensex by 1.1% to 66,901.91.
"Domestic inflows continue to remain strong, absorbing the recent selling by FPIS around 19,000 levels, and form the fulcrum of the rally," said Gaurav Dua, head-capital market strategy, Sharekhan, by BNP Paribas. "The additional tailwind is in the form of falling US bond yields and the DXY (dollar index), which has attracted FPI interest back to (emerging markets). I remain bullish and think the Nifty is on course to test and surpass its record high."
هذه القصة مأخوذة من طبعة November 30, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 30, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Reduction of energy costs in the telecom sector
With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply
Skip cheese and sip wine in Switzerland
Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations
Bankers aren't always frank about bank regulation
The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
Global solidarity levies can play a vital role in our climate efforts
Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times
Speak for the Earth: It's the least we should do
This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?
Aim for an efficient carbon market right from the start
India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.
Why health insurers refuse to cover certain treatments
While 12 modern treatments are covered, many advanced procedures are yet to be included
Address economic distress with structural reforms and not doles
Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution
FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?
Education financing needs vary, but early planning is key to building your desired corpus
