Stock market sets a new record

The stock market, which has been on a steady rise, has set a new record on November 23. The Nifty set a new record of 12,968. The Sensex was up 194 points and the Nifty 67 points. The Sensex closed above 44,000 and the Nifty closed above 12,900.

The Sensex closed at 44,077.15 points and the Nifty closed at 12926.50 points. The Nifty had fallen 140 points during the day. The day’s low is 12,825 points.

IT, metal and pharma stocks were the major contributors to the day’s gains. The Nifty Metal index was up 1.22 per cent, the Nifty Pharma index was up 1.83 per cent and the Nifty IT index was up 2.79 per cent.

The top five gainers were ONGC, IndusInd Bank, GAIL, Dr Reddy’s Laboratories and Infosys. ONGC rose 6.63 per cent. IndusInd Bank, GAIL, Dr Reddy’s Laboratories and Infosys gained over 3 per cent each.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 36 gained while 14 lost. Shares of IOC, Hero Motors, HCL Tech, TCS and BPCL lost ground. The IOC fell 2.06 per cent.