Stock market touches a new high

The stock market continues to set records every day. On November 18 the market has reached new heights. The Sensex closed above 44,000 points for the first time. The Sensex was up 227 points and the Nifty 64 points. The Nifty closed above 12,900 for the first time.

The Sensex closed at 44180.05 points and the Nifty closed at 12938.30 points. The Nifty was down about 130 points during the day. The day’s low was 12,819 points. The Nifty had gone up to 12,948 points during the day.

Auto and bank stocks were the major contributors to the day’s gains. The Nifty Bank Index was up 1.95 per cent and the Nifty Auto Index was up 3.10 per cent.

Mahindra & Mahindra, Tata Motors, Bajaj Finserv, L&T and IndusInd Bank were the top five gainers. Mahindra & Mahindra gained 10.65 per cent and Tata Motors gained 9.30 per cent. Shares of Bajaj Finserv, L&T and IndusInd Bank gained over 6 per cent.

Mahindra & Mahindra, Adani Ports, Eicher Motors, Hindalco, HDFC Bank, Kotak Mahindra Bank, Divis Lab, Grasim Industries, Ultratech Bank and HDFC Life were at the year’s highest during the day.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. IT and pharma stocks fell. BPCL, Hindustan Unilever, Dr Reddy’s Laboratories, Titan and TCS were among the losers.