Ahmedabad. Wednesday, November 6, 2019
Sensex has set a new record for intraday growth, with the new Lavallee led by foreign funds today pushing the strong optimism that the government will declare relief and incentives for various industries to accelerate economic growth. On the other hand, the NSE Nifty also jumped the surface of Intraday 2 again.
Amidst various adversities, the corporate sector has seen a positive impact on the market psyche as the September quarter is expected to announce good results. On the other hand, after Fitch Ratings raised the fiscal deficit estimate, the finance minister saw a favorable impact on the market, prompting him to announce more concessions for various industries.
Following the aforementioned reports, the BSE Sensex intra rose 5 points to a new historic high of 5.7 on the backdrop of new investors led by foreign investors. The Nifty, on the other hand, jumped 5 levels to 5.7 again five months later.
After the midterm trading, the initial surge in profitable sales was eliminated in the lead index stocks, including auto, IT and FMCG.
However, the Sensex was up 5 points to close at the new high of 5.7 at the end of the day. The Nifty was up by 5 points to end at 5.7.
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