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Sensex Marks A New Closing High, Nifty Ends Above 12,000 For The First Time Since June
It is another eventful day in the Indian stock markets on positivity fueled by government's booster for the real estate sector.
On Thursday, BSE's Sensex closed the trading session at a new closing high of 40,653, 183 points higher. The index also marked a new opening high of 40,625.64 on Thursday and climbed further intraday to a fresh all-time high of 40,682.
NSE's Nifty 50 ended 0.40 percent higher at 12,021.05, its first close above the 12,000-mark since June. Its last seen all-time high was 12,089 on 3 June.
Infosys, HDFC, RIL and IndusInd Bank were among the top gainers for the day.
Towards the closing minute, shares of Sun Pharma spiked post the announcement of its quarterly results.
Nifty Realty index, as suspected, was the biggest gainer among the ten out of the eleven sectoral gauges compiled by NSE.
On Wednesday, after market closing hours, the Union Cabinet on Wednesday approved the establishment of a 'Special Window' fund to provide priority debt financing for the completion of stalled housing projects that are in the Affordable and Middle-Income Housing sector.
For the purposes of the fund, the government shall act as the Sponsor and the total commitment to be infused by the Central Government would be up to Rs 10,000 crore.
Finance Minister Nirmala Sitharaman said at a press conference following the meeting that she has spoken to SBI, LIC and several sovereign funds to take the corpus of realty alternative investment fund to Rs 25,000 crore.
