The market started on December 29 from where it left off the day before. The stock market witnessed the Nifty move above 13,900 points for the first time on the day. The stock market gained for the fifth day in a row.
The Nifty, which crossed 13,800 points for the first time on December 28, crossed 13,900 on December 29 and set a new record of 13,967. At the same time, gains were seen in some stocks at higher levels. Similarly, the Nifty closed 59 points higher at 13,932. The Sensex ended 259 points higher at 47,613.
The Indian stock market rose as the US stock market hit an all-time high on December 28. The US Congress passed a bill for the Corona stimulus programme, which gave a boost to the US market. Democrats dominate the US Congress. President Donald Trump’s move is to increase direct financial aid. The move is to increase the current $ 600 financial aid to $ 2,000.
IndusInd Bank, Tech Mahindra, Axis Bank, ICICI Bank and HCL Tech were the top gainers today. Hindalco and Nestle were the biggest losers in the Nifty.
Banks, financial services and IT stocks were the main contributors. The Nifty Bank Index was up 1.83 per cent and the Financial Services Index was up 1.03 per cent.
