{"id":6487,"date":"2020-12-16T17:29:15","date_gmt":"2020-12-16T17:29:15","guid":{"rendered":"https:\/\/financeintellect.com\/home-page\/home\/?p=6487"},"modified":"2020-12-16T17:29:15","modified_gmt":"2020-12-16T17:29:15","slug":"sensex-nifty-rise-to-a-new-high-as-hopes-of-vaccine-and-stimulus-measures-lift-investor-mood","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/sensex-nifty-rise-to-a-new-high-as-hopes-of-vaccine-and-stimulus-measures-lift-investor-mood\/","title":{"rendered":"Sensex, Nifty rise to a new high as hopes of vaccine and stimulus measures lift investor mood"},"content":{"rendered":"<p><span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><strong>Mumbai<\/strong> : Heavy buying in Financials, Metals and IT stocks lifted the benchmark indices to a record new high on Wednesday with the 30-pack Sensex surging 403.29 points or 0.87 per cent to 46,666.46 while Nifty climbing 114.85 points or 0.85 per cent to 13,682.70.<\/p>\n<p>Hopes of early Covid-19 vaccine and US stimulus measures have lifted market sentiments globally and even in domestic markets all the sectors moved ahead with realty leading the rally amidst possibilities of economy revival.<\/p>\n<p>Mrs Bectors Food IPO was subscribed over 10 times. Realty Sector was the top gainer as it climbed 5 per cent, while PNB was the only loser, dropping 7 per cent.<\/p>\n<p>HDFC twins were the biggest contributors to rise in Sensex and IT companies stocks also rose in the rally on Wednesday.<\/p>\n<p>Among the bluechip companies, the biggest gainer was Hindalco Industries, up<span class=\"Apple-converted-space\">\u00a0 <\/span>2.84 per cent to Rs 251.50. Bharti Airtel, HDFC, ONGC, Divi\u2019s Laboratories, UPL, Asian Paints and Titan which also rose over 2 per cent.<\/p>\n<p>A total of 325 stocks hit 52-week highs. Among them were Voltas, Titan, Tata Steel, Tata per, Havells, Kotak Bank and Bajaj Finance.<\/p>\n<p>ICICI Bank was the biggest loser in the Nifty index, down 1.07 per cent to 512.50. IndusInd Bank, UltraTech Cement, GAIL, NTPC, Tech Mahindra, Bajaj Finserv and SBI also declined.<\/p>\n<p>Market breadth was in favor of gainers even as 1165 companies settled with cuts.<\/p>\n<p>In the last few days, foreign institutions are investing increasingly in Indian markets thereby lifting the benchmark indices in the last four straight sessions.<\/p>\n<p><span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Mumbai : Heavy buying in Financials, Metals and IT stocks lifted the benchmark indices to a record new high on Wednesday with the 30-pack Sensex surging 403.29 points or 0.87 per cent to 46,666.46 while Nifty climbing 114.85 points or 0.85 per cent to 13,682.70. Hopes of early Covid-19 vaccine and US stimulus measures [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6309,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,5],"tags":[115,211],"class_list":["post-6487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","category-markets","tag-nifty","tag-sensex"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sensex, Nifty rise to a new high as hopes of vaccine and stimulus measures lift investor mood - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/sensex-nifty-rise-to-a-new-high-as-hopes-of-vaccine-and-stimulus-measures-lift-investor-mood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sensex, Nifty rise to a new high as hopes of vaccine and stimulus measures lift investor mood - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Mumbai : Heavy buying in Financials, Metals and IT stocks lifted the benchmark indices to a record new high on Wednesday with the 30-pack Sensex surging 403.29 points or 0.87 per cent to 46,666.46 while Nifty climbing 114.85 points or 0.85 per cent to 13,682.70. 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