There has been a tremendous jump in the stock markets on Friday.
The stock market has seen stormy rise on 8 January. The Sensex (Sensex) jumped 689 points and reached near 49 thousand.
Nifty also closed at new record level
Similarly, the National Stock Exchange’s Nifty gained 209.90 points or 1.48 percent to close at its new record level of 14,347.25 points. During the day’s trading, it rose to its all-time high of 14,367.30 points.
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Among the Sensex companies, Maruti’s share climbed the most by nearly six percent. Tech Mahindra, Infosys, Ultratech Cement, Powergrid and NTPC also gained. On the other hand, stocks of IndusInd Bank, Bharti Airtel, SBI, ITC and HDFC declined.
Vinod Modi, strategic head of Reliance Securities, said that the US Congress has confirmed the victory of Joe Biden in the presidential election. This has increased the expectation of a bigger incentive package there. These developments accelerated global markets.
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Among other Asian markets, Hong Kong’s Hang Seng, Japan’s Nikki and South Korea’s Cospi closed with notable gains. China’s Shanghai Composite declined. European markets were in profit in early trade. Meanwhile, global benchmark Brent crude oil futures gained 0.59 percent to $ 54.70 a barrel.