Live
- 10 Tried-and-Tested Home Remedies for Toothaches
- Thila Taila Abhishekah Pooja to Lord Shaneswara
- Sudheer Babu’s ‘Harom Hara’ set to release on this auspicious day
- Priyanka Gandhi says BJP talking of 'tinkering' with Constitution with PM’s nod
- Vishwak Sen unveils gritty avatar as ‘Lankala Rathna’ in ‘Gangs of Godavari’ teaser
- ‘Kalki 2898 AD’ locks release date; film to entertain audience from June last week
- LS polls: PM Modi says BJP-NDA leading 2-0 after first two phases
- Plea in Madras HC seeks special polling arrangement for names 'missing' from Coimbatore voter list
- Ex CM KCR Bus tour on 4 th day
- Youth National Games 2024 kick-start in Delhi; over 5,000 athletes from 15 states vying for top honours
Nifty only 100 points away from crossing another milestone of 22k
Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services said that rally in the IT sector and a 19 per cent surge in India’s net direct tax collection supported domestic equities to make new highs on Friday.
New Delhi: Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services said that rally in the IT sector and a 19 per cent surge in India’s net direct tax collection supported domestic equities to make new highs on Friday.
“Nifty made a fresh all-time high of 21928 levels during the session and closed with handsome gains of 247 points (+1.1%) at 21894 levels,” he said.
He said that a sharp 5 per cent up-move was seen in the IT sector after TCS and Infosys surprised the streets with their better-than-expected Q3 results.
“Nifty is now just 100 points away from crossing another milestone of 22k zone,” he said.
Deepak Jasani, Head of Retail Research, HDFC Securities said Nifty ended at record levels and extended the winning streak for the fourth consecutive session on January 12.
He said that at close, Nifty was up 1.14 per cent or 247.4 points at 21894.6 and cash market volumes on the NSE ended at Rs.1.04 lakh cr.
He said that broad market indices rose less than the Nifty even as the focus remained on largecap IT stocks, Bank stocks and Reliance.
“Advance decline ratio remained positive at 1.09:1,” he said.
