The stock market has remained strong, with the Sensex close to 47,000 and the Nifty closing at 13,740 new levels.

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.

  • News18
  • Last updated:
    December 17, 2020, 5:39 PM IST

Mumbai. Indian stock markets continue to trend. Today, December 17, 2020, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) closed all-time records. The BSE Sensitive Index Sensex rose 0.48 per cent, or 223.88 points, to a new high of 46,890.34 on Thursday. At the same time, the NSE’s Nifty rose marginally by 58 points or 0.42 per cent but touched an all-time high of 13,740.70 points. Today, the Sensex touched a high of 46,992.5..57 and the Nifty touched a high of 13,773.2.75 points. According to experts, there was a positive trend in stock markets around the world and the Indian stock market saw positive buying by foreign institutional investors (FIIs).

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.