RIL TCS Share Price, BSE Sensex Nifty Index Trading Prediction 2021 | Latest Share Market News and Updates | Market celebrated Diwali with US elections and vaccine news; Sensex climbs 4200+ points so far in November

Advertisement

  • Hindi news
  • Business
  • RIL TCS Share Price, BSE Sensex Nifty Index Trading Prediction 2021 | Latest Share Market News And Updates

Fed up with Ads? Install Dainik Bhaskar app for news without ads

Mumbai10 hours agoAuthor: Digvijay Singh

  • Copy link
  • Bajaj Finance shares benefited investors by Rs 1,406 per share
  • Kotak Bank shares have given 22% return to investors

The Indian markets witnessed a spurt in the US amid good signs of a presidential election and a successful trial of the Corona vaccine. Both the BSE Sensex and Nifty indices also touched new highs. Market growth was strengthened by the banking and finance sector stocks. At the same time, market giants RIL, TCS and others disappointed investors.

Effect of vaccine news

The BSE Sensex, which had reached an all-time high in January, is now trading at a new high, breaking that record. The record boom in November was bolstered by reports of Joe Biden’s victory in the US election and the successful vaccine trial by Pfizer and Moderna for the epidemic. At the same time, the market was supported by strong quarterly results and heavy foreign investment.

Record increase in market

On 30 October, the Sensex closed at 39,614 and the Nifty closed at 11,642. At the same time, on 20 November, the Sensex gained 10.77% to close at 43,882 and the Nifty was up 10.45% at 12,859. During this period, the market cap of listed companies in BSE has also increased by Rs 13.81 lakh crore to 171.71 lakh crore. However, the Sensex closed at 44,180 and the Nifty at 12,938 on November 18, the highest level of both indices.

Advertisement

Banking stocks rise

The market rally was supported by banking and financial stocks. The Nifty Bank index has gained 5336 points (22.32%) in the 14 trading days till November. The index closed at 23,900 on 30 October, closing at 29,236 points on 20 November. In this, the Kotak Bank stock has given a return of 22% to the investors. Apart from this, HDFC Bank has given 18.59% and SBI has given 28%.

Bajaj shares gave excellent returns

Both stocks of Bajaj Group have also given excellent returns in terms of returns. Bajaj Finance shares closed at Rs 3,309 on October 30, closing at Rs 4,715 on November 20. That is, investors gained Rs 1,406 per share. Similarly, investors of Bajaj Finserv also gained Rs 2,969 per share.

Veteran shares disappointed

The performance of market leader Reliance Industries was disappointing. On Friday, the company’s stock closed at Rs 1899, which closed at Rs 2,054 on October 30. That is, investors lost Rs 155 per share during this period. TCS shares also failed to provide better returns to investors. Other stocks in the IT sector also disappointed investors.

Hope to accelerate even further

The market boom is expected to continue in the coming days. American investment bank Morgan Stanley gave a target of 50 thousand for the Sensex. It can reach this level by December 2021. Bull Scenario means the firm has predicted a 30% gain on the Sensex index. That is, the Sensex can cross the level of 59 thousand. The bank expects better performance in large cap stocks during 2021.

.

Source link

Advertisement

Leave a Reply