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Sensex jumped 331 points or 0.55% to 61,068. Likewise, the Nifty 50 was quoting at 18,285 higher by 123 points or 0.68%.
When you are choosing a thematic ETF or a sectoral ETF allocate money wisely. Do not put all your money in units of one ETF.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 78 points at the opening bell.
Nifty 50 index is currently trading at relatively reasonable valuations on P/B basis at 3.6x, 0.77 standard deviation above long term averages.
The current rally is supported by the sequential recovery of key high-frequency indicators such as Manufacturing PMI, the GST collection.
Sensex rose 85 points or 0.15% to 57,423 and the Nifty 50 index was quoting at 17,095 advancing 19 points or 0.11%.
After touching a lifetime high of 57,918.71 in early deals, Sensex closed 214.18 points or 0.37% lower at 57,338.21
Sensex ended at 57,338.21, down 214.18 points or 0.37%, while the broader NSE Nifty ended 55.95 points or 0.33% lower at 17,076.25
Nifty 50 took just 20 sessions to surge 1,200 points from 16,000 to 17,200.