India's Nifty 50 hits fresh record high, set for best week in 5 months

Whirlpool of India

01/12/2023 08:09

** India's blue-chip indexes Nifty 50  .NSEI  and BSE Sensex
 .BSESN  up 2.4% and 2.3% so far this week, set for best week in
five months, if gains hold
    ** Faster-than-expected economic growth in September
quarter, return of foreign inflows and persistent retail inflows
are driving the rally in domestic markets, according to analysts
    ** Nifty hits a new record high of 20,286.30 on Friday while
Sensex inches towards all-time high
    ** Oil & Gas  .NIFOILGAS  up 4.5%, is the top weekly
sectoral gainer, aided by a drop in crude oil prices as
production cut agreed by OPEC+ was below market expectations
 O/R     
    ** On the day, Nifty and Sensex up about 0.7% each, led by
financials and energy stocks
    ** Hindustan Aeronautics  HIAE.NS  jumps 5% to record high
after defence ministry nod to procure weapons worth 2.23
trillion rupees
    ** Whirlpool of India  WHIR.NS  drops 7.5% on parent's move
to trim upto 24% stake

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Performance of India's key equity indexes this week    https://tmsnrt.rs/3GoNDbp
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 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))