Indian equity benchmark indices started the new week with fresh highs after hitting new records in the last three weeks. The public and private banking sectors advanced in trade, whereas auto and real estate were under pressure.
The BSE Sensex settled 529 points or 0.80 per cent at 66,589.93, while the NSE Nifty 50 was 147 points or 0.95 per cent higher at 19,7111.43
Indian equity benchmark indices started the new week with fresh highs after hitting new records in the last three weeks. The public and private banking sectors advanced in trade, whereas auto and real estate were under pressure.
During Monday’s trade, the Sensex jumped 0.90 per cent to touch a new high of 66,656.21 points, and the Nifty 50 surged 0.86 per cent to hit a record high of 19,731.85 points.
The BSE Sensex settled 529 points or 0.80 per cent at 66,589.93, while the NSE Nifty 50 was 147 points or 0.95 per cent higher at 19,7111.43.
"Despite the mixed performance observed in the Asian market due to China's underwhelming GDP data, the Indian market exhibited resilience, in anticipation of a bumper Q1 result. Nifty50 Q1 consolidated PAT is projected to grow by more than 20% YoY, which can upgrade the full year earnings growth of FY24," said Vinod Nair, Head of Research at Geojit Financial Services.
"Small caps outperformed as comparatively valuations are attractive trading below the long-term average compared to large and mid-caps," he added.
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