Markets News

SGX Nifty gains – Indian Indices trade higher with fresh record highs

Indian markets were likely to open at a flat rate but on a positive bias on the back of mixed global cues. Amid optimism in the US market tends to rise more in the US stimulus which is easing the Coronavirus crisis.

As per the live updates, the Indices opened at a fresh record high with Sensex hitting 52,000 levels.

The Nifty also opened around 15,300 levels with Banking sector coming in major focus.

Around 367 shares have declined against 1086 advanced shares. About 75 shares have remained unchanged as of now.

Also, in the wake of this, the US markets closed higher due to additional stimulus and optimism.

Now coming to the Indian market, the indices made a good jump with the beginning of the week.

Both the benchmark indices have traded higher in the pre-opening session.

The Sensex was high at 321.08 points or it reached nearly around 0.62 percent at 09:03 IST. It was up at 0.62% to close at 51,865.38 levels.

Meanwhile, on the other hand, Nifty also added 121.70 points. The Nifty was up as per percentage as well. It was high at 0.80 percent to close at 15,285 levels.

Also, the major change in the market structure is likely to reflect the re-rating sectors which didn’t come into highlight since very long.

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