Domestic equity market benchmarks BSE Sensex and the Nifty 50 ended over half a per cent higher as the marktet closed on Friday.
BSE Sensex gained 308 points to end at 51,423, while the broader Nifty 50 index made a record closing at 15,446.90.
NSE’s Nifty hit an all-time high of 15,469.65. The biggest contributor to the rally was Reliance Industries Ltd which surged nearly 6 per cent.
Big bull Rakesh Jhunjhunwala has decoded why domestic stock markets have escaped the second wave of coronavirus that has all but brought the country’s healthcare system to its knees.
The ace investor believes that the sentiment in the country might be negative at India’s economic health is in better shape which has made for good news in trading circles on Dalal Street.
“Sentiment is bad but the reality is not. In the third and fourth quarters, Indian companies have reported the biggest profit growth in the last five years,” Rakesh Jhunjhunwala is quoted in a television interview.
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