The rally in stock markets continued on Thursday.
Indian stock markets have remained strong today. The Sensex and Nifty closed at new highs while maintaining momentum. Investors expressed more confidence in the stocks of local companies and bought heavily.
- Last updated:
December 17, 2020, 5:39 PM IST
Today’s top beneficiaries
HDFC Twins, TCS and Reliance Industries (RIL) were the biggest losers in the stock market today. Among today’s top beneficiaries, HDFC has the highest jump of 3%. It was followed by Bajaj Finance, HDFC Bank, HDFC Bank, IndusInd Bank, Power Grid, Ultratech Cement, TCS, Tech Mahindra and L&T (L&T). In other words, buying in finance, banking, realty and IT stocks today led to a rally in the stock markets. Even today, investors are more confident in the shares of local companies and are reaching new heights.
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Oil, auto and pharma stocks were the biggest gainers in the stock market today. State-owned oil companies ONGC, Maruti, Tata Steel, Hindustan’s Unilever, Bajaj Tow and Sun Pharma declined. Foreign portfolio investors (FPIs) bought heavily. It bought Rs 1,981.77 crore. Apart from India, markets in Shanghai, Hong Kong and Tokyo also closed higher in Asian markets. However, Seoul’s stock market closed with a red mark. At the same time, European stock exchanges are bullish today. In addition, global oil benchmark Brent crude futures rose 0.51 percent to close at 51 51.34.