New Delhi: The scale equity index to record the highest on Thursday with BSE Sensex benchmarks rose more than 950 points led by profits in realty and stock banking.
After increasing the new intra-day high 59,957, the 30-share BSE index completed 958 points or 1.63 percent higher at a new record of 59,885.
Meanwhile, the wider NSE settled 276 points or 1.57 percent higher at a fresh peak of 17,823.
Bajaj Finserv, L & T, HDFC, Axis Bank, SBI and Reliance are the top enhancers in the sensex package up 4.51 percent.
In fact, Dr.
Reddy’s, ITC, Nestle India and Bharti Airtel were the only ones who fell up to 1.09 percent.
On the NSE platform, the nifty realty sub-index, banks and financial services were obtained as much as 8.66 percent.
Here are the main reasons behind today’s surge: * Metals, banks, realty surgemetal stocks, banking and realty shares lead waves of stock markets because investors take signals from a positive global market.
Metal stocks rose 1.65 percent, with Indian coal occupying the Nifty 50 index because stock jumped 3.33 percent.
The bank changed the previous session loss to advance 2.24 percent, with Axis Bank up more than 3 percent.
Real estate shares jumped as much as 8.66 percent to the highest in almost 11 years, with the nature of Godrej jumped 12.61 percent to achieve the highest record.
Positive sentiment from the signs of increasing property sales also spilled into the help sector, Purohit SMC told the Reuters news agency, adding private banks with the exposure to the property mortgage also stood up to benefit.
* Federal ReserveinvestorkentNe announcement driven by the US Federal Reserve results.
Federal Reserve Chairman Jerome Powell said the Fed planned to announce in early November that he would begin to tap the purchase of monthly bonds, if the labor market maintains a stable increase.
According to experts, domestic equity looks good like now.
Profitable results from the FOMC meeting and convenience that can be seen from increasing concerns from the possibility of default from Evergrande will basically offer convenience for the global market.
“Powell indicates that the central bank can announce the setback of an asset purchase program at the November policy meeting and can begin to raise interest rates in 2022, which is mostly expected by the market.” In our view, investors can continue to entertain FOMC meetings in the context that there is no final time frame that has not cut or stopped the asset purchase program, “Bines-strategy strategy at the Reliance Securities told the PTI news agency.
* Evergrande to put small investors demanded From the possibility of the default by Evergrande Group also provides comfort for the domestic market.
The Evergrande China Group will make it a top priority to help retail investors redeem their investment products, said His chairman, because of the uncertainty of interest payment tools imposed by property developers who enacted on Thursday .
Developers said they had completed the payment of coupons on domestic bonds, pushing the company’s stock prices to become the biggest one of Ercentage up in a year.
The company, China’s second largest property developer, has interest payments of $ 83.5 million on Thursday on loose bonds Beach $ 2 billion and bond interest payments $ 47.5 million next week.
Both bonds will default if Evergrande fails to complete interest within 30 days from the scheduled date of payment.
* Positive Global Cuesus shares completed sharply higher in the overnight session after the Federal Reserve’s decision to maintain a monthly asset purchase program $ 120 billion was largely intact to support the economy.
Asian markets rise as worries about the collapse of the giant property troubled Evergrande recede for now.
Hong Kong is one of the main progress when reopened after a midweek break to pursue news that Evergrande has approved a plan to pay interest to his domestic bond holder, which calms the default concern which has raised talks about the economy of the Chinese economy.
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Exchange in Shanghai and Hong Kong ended with profits, while European stocks rose for the third day because global sentiment improved.
(With input from agency)
Sensex, Nifty High Hit High Closure: Main Reason
