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Business News

Dec 19, 2020

Benchmark domestic indices logged gains for seventh week in row

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Benchmark domestic indices logged gains for seventh week in row amid positive global cues. In the business week ended yesterday, sustained inflows of foreign institutional investments and data showing improvement in domestic economic boosted investor's risk appetite. Supported by the progress in Coronavirus vaccines and reducing the number of COVID-19 active cases, the Sensex and the Nifty, both hit lifetime highs.

During the week, the Sensex settled a near 47,000 mark while the Nifty closed above 13,750 level. The Sensex rose 862 points or 1.87 percent to settle at 46,961 and the Nifty 50 index gained 247 points or 1.83 percent to settle at 13,761.

During the week, the broader markets at BSE also gained under-performing the Sensex. The Mid-Cap index rose 1.6 percent while the Small-Cap index added 1.23 percent.

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