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Market Alert: Sensex Over 61K, Nifty At 18,300 For First Time

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On Thursday, a day of weekly F&O expiry, the domestic equities markets BSE Sensex and Nifty 50 were trading at new record highs. The BSE Sensex crossed 61,000 for the first time, and the NSE Nifty crossed 18250 for the first time

 

The Wholesale Price Inflation, trade balance, and export-import figures will be revealed later in the day, and markets will be watching them closely.

Market Alert: Sensex Over 61K, Nifty At 18,300 For First Time

State Bank of India's (SBI) stock hit a new record high of 491.90 on the NSE today, owing to robust second-quarter earnings forecasts.

Data on initial jobless claims in the United States, as well as PPI, will be monitored. Infosys and Wipro's positive results have helped them get off to a good start in the market. Due to Dussehra, Indian markets will be closed on Friday.

On Thursday, the dollar fell to its lowest level this week against key rivals, taking a break from a surge that had propelled it to a one-year high on anticipation of faster Federal Reserve interest rate hikes.

Infosys, the country's second-largest software services exporter, exceeded street projections on all fronts in its July-September profits on Wednesday. On the back of sustained solid business momentum, the company has boosted its full-year revenue projection to 16.5-17.5 percent from 14-16 percent previously predicted.

 

Wipro reported a 17 percent increase in consolidated net profit for the quarter ended September 30, 2021, to Rs 2,930.6 crore. In the same time a year before, the company made a net profit of Rs 2,484.4 crore.

Read more about: sensex nifty
Story first published: Thursday, October 14, 2021, 11:41 [IST]
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