Indian shares registered their fifth straight weekly gain, with Sensex, Nifty major indexes rising over 1.5% to end at record levels.
Driven by the revival in the level of activities & many economic indicators reporting strong traction, India has emerged as the best performing market
On the revenue front, the listed universe is on firm ground with an accelerated trend of unorganised to organised.
Dhananjay Sinha, MD and Chief–Strategist at JM Financial. in an interview to Money9, shares his views on the current euphoric wave at D-Street.
It took a little over 31 years for the Sensex to traverse from 1,000 points to the historic 60,000 level.
Indus Towers jumped 13.8% to Rs 317.55, extending its winning run to the fourth consecutive trading session.
Linde India, Adani Total Gas, Indian Energy Exchange, JSW Energy and Bajaj Electricals also gained between 45%-54% during the same period.
Nifty IT index skyrocketed 2.41% followed Nifty Realty index jumped 0.73%, Nifty Bank index rose 0.69%
Asian stocks traded mixed on Friday even as US shares rallied overnight and easing fears of contagion from China Evergrande Group's debt crisis.
Shares of Sansera Engineering will debut on the bourses today, 24 September 2021.