Social News XYZ     

Sensex, Nifty hit record higs

Sensex, Nifty hit record higs

Mumbai, Nov 9 (SocialNews.XYZ) The Indian equity indices hit all-time high levels on Monday morning tracking positive global cues as Joe Biden, the Democrat candidate, has defeated incumbent US President Donald Trump in the 2020 presidential elections.

Sensex has touched an all-time high of 42,566.34 points and the Nifty50 on the National Stock Exchange touched its fresh high of 12,451.80 points.

 

At around 10.10 a.m., Sensex was trading at 42,512.25, higher by 619.19 points or 1.48 per cent from its previous close of 41,893.06.

It opened at 42,273.97 and has so far recorded an intra-day low of 42,273.97.

The Nifty50 was trading at 12,433.15, higher by 169.60 points or 1.38 per cent from its previous close.

The healthy buying across sectors was led by banking and finance stocks.

Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The trend of the Nifty continues to remain strong with a fierce upside momentum. After crossing the hurdle of 11,900, there has been no looking back.

"A strong support lies at 12,100 and if the Nifty crosses 12,500 which is the weekly resistance level, we can expect it to climb towards 12,650."

Source: IANS

Facebook Comments
Sensex, Nifty hit record higs

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: