Stock market at lifetime high

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The Indian stock market has touched lifetime high today. As the market resumed today, there were clear signs that the last week’s positive sentiment is going to continue. BSE resumed slightly lower at 21,819 but soon breached 22,000, going upto 22,005, a lifetime high for the index. Upon profit booking, it has gone below 22,000 again but there is clear sign that the dream run is going to continue.

Nifty too showed similar sentiments and rose upto 6531. The major gains were seen in capital goods, oil, banking, gas and power sectors. The profiting scrips were BHEL, RIL, L&T, Airtel, Axis Bank, HDFC, SBI and others.

The FII contribution on Friday is revealed to be at 2,577 crores. Most other Asian markets are trading slightly lower today.

Medaram Jathara

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