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Indian equities are heading towards the end of the year with positive moves as all sectoral indices rise

New Delhi: The major stock indices S & P BSE Sensex and NSE Ifty50 settled green in the last trading day session, ending 2021 at a high.

Sensex and Nifty settled at 58,253 and 17,354 points, up 0.8% and 0.9% from the previous closing, respectively.

In 2021, Sensex and Nifty rose nearly 22% and 24%, respectively.

In the final trading session of 2021, the US Dow Jones reportedly fell in thin trading, but most European markets were closed.

According to NSE data, all sectoral indices were green on the day, with Nifty Motors, consumer durables, metals and PSU banks rising the most.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said: The Asian market was strong against the backdrop of higher-than-expected data from China. China’s manufacturing sector continued to expand in December, suffering from a slump in the real estate market, providing some relief.

“The (Indian) market has risen for the fourth consecutive year and all sector indices have closed green this year. As Omicron spreads rapidly in both India and the world, we are cautious lateral. The movement begins the new year. “

However, Khemka remains optimistic and expects Nifty to generate approximately 12-15% revenue in 2022. This is supported by continued economic recovery and strong profit growth.

Most textile stocks soared later in the day in response to the GST Council’s decision to postpone the textile tax hike.

According to the data, stock prices of Bilwara Spinning, Salona Cospin, SPL Industries, GTN Textiles, Digg Jam, Bombay Dyeing, etc. surged 4.9%, 8.9%, 5.5%, 5.0% and 2.2%, respectively.

CMS Info Systems went public on the exchange on Friday, just 1.9% above the issue price, according to NSE data.

But later that day, it was able to get some steam and settled 11.6 percent higher at 241 rupees per script. The issue price was 216 rupees. CMS InfoSystems is a cash management company.

Santosh Meena, Head of Research at Swastika Investmart, said:

“Allocated investors can maintain a strict stop loss of Rs 200, but encourage investors to invest in other businesses with high growth potential,” Mina added. rice field.

https://www.siasat.com/indian-equities-end-year-on-positive-note-with-all-sectoral-indices-up-2251039/ Indian equities are heading towards the end of the year with positive moves as all sectoral indices rise

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