Sensex and Nifty at new Record Highs
The 30-share BSE Sensex has reached an all-time intra-day high of 30,567 breaching its previous intra-day high of 30,366.43 touched on May 11. The technology, power, FMCG, IT, consumer durables and healthcare that leads the BSE sectoral indices had made gains up to 0.66 %.
The National Stock Exchange index Nifty did not disappoint either by gaining 0.39% to reach a new high of 9,507.40 surpassing its previous intra-day high of 9,450.65 reached on May 11.
The good performance of the indices were due to upbeat sentiments backed by robust foreign fund inflows and encouraging earnings by some blue-chip companies, besides the overnight gains in Europe and the US markets.
Stock Market Index
A share market Index shows how a specified portfolio of share prices is moving in order to give an indication of market trends. It is a basket of securities and the average price movement of the basket of securities indicates the index movement, whether upwards or downwards. BSE Sensex is one index. The BSE SENSEX is a free-float market capitalization-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange.
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Month: Current Affairs - May, 2017