Sensex hits new record high of 62412, ends up 762 points to 62272


Mumbai: At the end of the November trend in derivatives ahead of the assembly elections in Gujarat, the index-based Sensex, Nifty made history today in the Indian stock markets. Global geopolitical tension, lockdown and recession due to the explosion of corona cases in China, as well as worries about the NG crisis in Europe and the world is still inflation. While suffering, the US Funds in Indian stock markets today recorded historic gains led by IT-software services, technology stocks, with recovery in global markets amid signs of easing interest rate hikes in the minutes of the Federal Reserve's recent meeting. Funds including BigBull also aggressively rallied in IT stocks on the positive factor of huge gains for the IT industry as a result of India's trade pact with Australia. Along with this, Sensex crossed its record of 62245.43 on October 19, 2021 and made a new historical peak of 62412.33 today and finally closed by 762.10 points at 62272.68. While the spot Nifty made a new fifty-two week high of 18529.70 and finally closed at a height of 18484.10 after increasing by 216.85 points.

IT index rose 680 points

Funds had an aggressive rally in IT-software services, technology stocks today. Amid speculations that India's recent trade pact with Australia will benefit the IT industry, majors including Fundo, Bigbull bought heavily in IT stocks. So the BSE IT index rose by 680.81 points to close at 30257.20. L&T Infotech increased by Rs.198.45 to Rs.4940.60, Persistent System increased by Rs.154.60 to Rs.3885.10, Infosys increased by Rs.46.40 to Rs.1629.80, HCL Technology increased by Rs.28.50 It increased by Rs.1130.90, Wipro increased by Rs.9.45 to Rs.398.05, Tech Mahindra increased by Rs.25 to Rs.1069.15.

Funds in small, mid cap stocks, attract players

Market breadth remained positive as small, mid-cap, cash stocks attracted lower funds, sportsmen's choices today. Out of the total 3635 scrips traded in BSE, the number of gainers was 1871 and the number of decliners was 1642.

1232 crore purchase in cash by FIIs

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had a net purchase of Rs.1231.98 crore shares in cash segment today-Thursday. A total of Rs.5239.95 crore was sold against a total purchase of Rs.6471.93 crore. While DII-domestic institutional investors made a net sale of Rs.235.66 crore in the cash segment today. A total of Rs.6086.36 crore was sold against a total purchase of Rs.5850.70 crore.

Investor's assets Rs. 2.26 lakh crore increased

Investors' wealth (BSE market cap.) today rose to Rs. 2.26 lakh crore increased to Rs. 283.70 lakh crore was reached.

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