It took over 31 years for Sensex to traverse from 1,000 points to the historic 60,000 level. The benchmark was at 1,000 points back in 1990 and it touched the 30,000 mark in 2015.
UBS predicts Nifty 50 Index will fall to 15,500 by June end 2022. Current surge has Nifty trading at 21.3 times estimated 12-month earnings, much higher than its 5-yr average of 18 times.
IndusInd Bank was the top loser in the Sensex pack, tanking around 8 per cent, followed by SBI, Bajaj Finance, Bajaj Auto. Infosys was the sole gainer.
The NSE has telecom links with two service providers and there were issues with both leading to impact on the NSE system. However, the trading at BSE was not impacted.
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank.
IndusInd Bank was the top gainer in the Sensex pack, followed by PowerGrid, Dr Reddy's, Sun Pharma and NTPC. Nifty also touched an all-time high of 14,868.85 during the day.
The 30-share Sensex was trading higher by 443.06 points or 0.96 per cent at 46,728.83; and the broader Nifty was up 114.85 points or 0.84 per cent at 13,749.45.
HDFC Bank was the top gainer in the Sensex pack, surging around 1.60 per cent, followed by Maruti, ONGC, Axis Bank, L&T, Titan, ICICI Bank and PowerGrid.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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