Except for the Nifty IT and Nifty FMCG indices, all Nifty industry indices were trading in the red.
Stock Market News Today | Sensex, Nifty, stock prices LIVE: National equity market benchmark indices BSE Sensex and Nifty 50 trimmed all gains minutes after opening at record levels on Wednesday amid mixed global signals. BSE Sensex was hovering around 47,500 levels, while the broader Nifty 50 index was testing 13,900 levels. The main contributors to Sensex’s downfall were Housing Development Finance Corporation (HDFC), Reliance Industries Ltd (RIL), State Bank of India (India). ICICI Bank and Axis Bank. Sensex’s top winners were HCL Technologies, Hindustan Unilever Ltd (HUL), Tech Mahindra, Nestle India, Power Grid Corporation of India, NTPC, M&M, HDFC Bank, among others. At the open, Sensex hit an all-time high of 47,808 and the Nifty 50 hit a record high of 13,982.90. Except for the Nifty IT and Nifty FMCG indices, all Nifty industry indices were trading in the red. The Nifty PSU Bank Index was the main loser, down 1.20 percent.
Indian stocks may be priced at the most expensive price ever, but foreign portfolio investors are still buyers. Flows in December have exceeded $ 6 billion and could well reach $ 7 billion before the end of the month. While it is the abundance of liquidity around the world that is funneling funds into equities, India appears to be getting more than its fair share in emerging market allocations.
read more
.
