Sensex surged 372 points to 72410

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Mumbai: Before the end of 2023, the global stock markets witnessed a stormy boom. Foreign funds in China bought stocks worth Rs 1.9 billion in a single day today, with a big rally as a result of which the markets of European countries also went on the path of growth and reached a two-year high. With Prime Minister Narendra Modi's vision of 2024 as a crucial year for economic growth and lower crude oil prices coupled with lower global interest rates, foreign fund-investors continued to rally in Indian stock markets today, pushing the Sensex to a new record high of 72484.34, Nifty to a new record high of 21801.45. were Funds extended the record rally with heavy buying in NAV based stocks as well as large buying in a number of undervalued PSU companies. Foreign funds bought shares worth Rs 4359 crore more in cash today.

Operators turned to large cap stocks

Indian stock markets continued their historic bull run as Foreign Portfolio Investors, Foreign Institutional Investors bought heavily on Wednesday, continuing to buy in large cap stocks today and maharathis, operators also offloading into small, mid cap stocks and turning to large cap stocks to consolidate bullish trades. was Sensex made a fresh intra-day high of 72484.34 with heavy buying by funds, maharathis in oil-gas, metal-mining, FMCG, automobile, healthcare, banking frontline stocks and finally closed at a new record high of 72410.38, rising 371.95 points. Similarly, the Nifty 50 spot index marched towards 2000 and made a new high of 21801.45 and finally closed at a new record high of 21778.70 with a leap of 123.95 points.

PSU stocks surged wildly

While many stocks of PSU companies are still undervalued, many stocks rallied today as funds continued to buy heavily in stocks at attractive valuations. Hind Copper rose by Rs.35.20 to Rs.270.40, Hudco rose by Rs.13.96 to Rs.128.04 on the company's Rs.15,000 crore MoU agreement attraction with continued turbulent rally, Nalco rose by Rs.11 to Rs.128. 96, Engineers India rose by Rs.9.95 to Rs.172.70. The BSE PSU index rose 296.53 points to close at 15648.53.

Metal stocks rally big on China

Funds were buying heavily in metal-mining stocks, attracted by positive government measures in the mining sector at home, with Chinese markets rallying today. SAIL increased by Rs.7.50 to Rs.122.92, Coal India increased by Rs.15.35 to Rs.380.85, Hindalco increased by Rs.8.15 to Rs.613.65, Tata Steel increased by Rs.1 to Rs.138. There were 15. The BSE Metal Index rose 425.25 points to close at 26950.42.

Healthcare stocks continue to be attracted by the flutter of Corona

Funds were continuously buying healthcare-pharma stocks in anticipation of rising demand in the healthcare sector amidst the rising cases of the new variant of Corona in the country and the world. Dr. Reddy's Laboratories increased by Rs.135.35 to Rs.5848.20, Sun Pharma Advance increased by Rs.5.55 to Rs.270.10, Novartis India increased by Rs.14 to Rs.759.20, Divi's Lab increased by Rs.53.85 increased to Rs.3938.55.

DII's net purchase of Rs.137 crore

FIIs had a huge net purchase of stocks worth Rs.4358.99 crore in cash today-Thursday. A total of Rs.9130.79 crore worth of shares were sold against a total purchase of Rs.13,489.78 crore. While DII-domestic institutional investors bought net shares worth Rs.136.64 crore today.

Investors' wealth increased by Rs.1.69 lakh crore

Sensex, Nifty based large cap stocks, funds, operators, maharathis' big boom and buying attraction in A group, frontline stocks, investor wealth i.e. aggregate market capitalization of BSE listed companies increased by Rs.1.69 lakh crore to Rs.363 lakh crore in a single day today. A new historic high was reached.

European markets hit two-year highs

Markets in Europe were soft this evening after rising to near two-year highs. While in Asia-Pacific countries, China was bullish in Hong Kong markets amid reports of $1.9 billion in one-day buying of Chinese fund stocks. Hong Kong's Hang Seng index increased by 418.69 points to 17043.53, China's CSI 300 index increased by 78.18 points to 3414.54.

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