RIL, ICICI Bank, HCL Tech among 10 Nifty 50 stocks that hit fresh record highs today
Cipla, SBI Life Insurance Company, Adani Ports & Special Economic Zone, and HCL Technologies. Also Read: Reliance, Larsen And Toubro to Infosys: These 5 stocks of LIC Pension Fund give up to 700% return in 10-year In terms of sector-specific performance, Nifty Media jumped by 1.36%, followed by Nifty Realty, Nifty Consumer Durable, Nifty Pharma, and Nifty Auto, which closed with gains ranging between 0.18% and 1%.
On the flip side, Nifty PSU Bank experienced a decline of 1.15%, while Nifty Oil and Gas and Nifty Metal fell by 0.43% and 0.27%, respectively. Commenting on today's market performance, Vinod Nair, Head of Research, at Geojit Financial Services, said, "The domestic market paused momentarily today after reaching another record high earlier in the day, driven by positive signals from global markets.
Notably, the capital goods and industrial sectors showed strength, supported by advancements in manufacturing and services." Also Read: Jio Financial Services share price jumps 14% to a record high; market cap crosses ₹2 lakh crore "As the earnings season winds down, the market is eagerly awaiting new catalysts however rallying on the pre-election momentum. Concerns linger over rising crude oil prices, surging US bond yields, and stretched valuations, likely prompting continued selling by FIIs," he added.
Overall, the Nifty 50 concluded this week with a gain of 0.78%, following a 1.19% increase in the previous week. So far this month, the index has accumulated a gain of 2.24%, contrasting with a flat performance in January.
Read more on livemint.com
