{"id":14242,"date":"2021-09-23T11:16:18","date_gmt":"2021-09-23T11:16:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/23\/sensex-nifty-post-record-closing-highs-as-bulls-take-charge\/"},"modified":"2021-09-23T11:16:18","modified_gmt":"2021-09-23T11:16:18","slug":"sensex-nifty-post-record-closing-highs-as-bulls-take-charge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/23\/sensex-nifty-post-record-closing-highs-as-bulls-take-charge\/","title":{"rendered":"Sensex, Nifty Post Record Closing Highs As Bulls Take Charge"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares turned in a sparkling performance on Thursday, and the benchmark indices Sensex and the Nifty climbed to fresh record highs as the bulls thronged several counters from across various sectors.<\/p>\n<p>Optimism about the progress of the monsoon and strong economic recovery lifted the market.<\/p>\n<p>Expectations about the vaccination drive gathering greater momentum contributed as well to the rally in the market. Investors shrugged off concerns about Chinese real estate major Evergrande&#8217;s woes, and the Fed&#8217;s hint that a tapering of its bond-buying program might start &#8220;soon.&#8221;<\/p>\n<p>Investors took positive note from the Fed&#8217;s statement that interest rate hikes are not likely anytime soon.<\/p>\n<p>People&#8217;s Bank of China&#8217;s move to inject $17 billion into the country&#8217;s banking system helped ease concerns about any big damage to the financial sector due to the impact of Evergrande&#8217;s debt woes.<\/p>\n<p>The benchmark 30-share BSE Sensex, which hit a fresh high at 59,957.25, ended the session with a gain of 958.03 points or 1.63% at 59,885.36, a new closing high.<\/p>\n<p>The broader 50-stock Nifty index of the National Stock Exchange scaled a fresh high as well, racing to 17,843.90, before settling at 17,822.95 with a gain of 276.30 points or 1.57%.<\/p>\n<p>Bank, energy, capital goods, consumer durables, metal and oil stocks rallied sharply, but the realty sector was the top performer once again, with the BSE Realty Index surging up 8.7%.<\/p>\n<p>Oberoi Realty and Godrej Properties climbed 13% and 11.85, respectively. DLF, Hemisphere Properties, Sobha, Indiabulls Real Estate, Prestige Estate and Sunteck Realty gained 5 to 9.1%.<\/p>\n<p>Axis Bank, IndusInd Bank, State Bank of India, HDFC Bank, ICICI Bank and Kotak Bank moved up 2 to 3.1%.<\/p>\n<p>Reliance Industries and ONGC climbed nearly 2.5% and 3.2%, respectively.<\/p>\n<p>Bajaj Finserv moved up more than 5%. Larsen &amp; Toubro, HDFC, Infosys, NTPC, Bajaj Finance and Tata Steel also posted strong gains.<\/p>\n<p>The market breadth was strong. On BSE, 1974 stocks closed higher, and 1266 stocks ended weak, while 163 stocks settled flat. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Post Record Closing Highs As Bulls Take Charge<\/a><br \/>\n<br \/>2021-09-23 11:16:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares turned in a sparkling performance on Thursday, and the benchmark indices Sensex and the Nifty climbed to fresh record highs as the bulls thronged several counters from across&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-14242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=14242"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14243"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}