Financials and automobile led Nifty and Sensex to reach fresh high records on this day.

Posted on 18-Nov-2020

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The rise of the corona virus cases led to unsupportive global cues dur to which the market opened marginally low on this day . The first half was low but during the second half the market turnedbullish.Nifty gained half a percent and ended above the level of 12,930. Despite the overbought conditions of the market , they are maintaining the momentum . A huge reason of this is the investments done by the foreign traders in the market. The traders are still suggested to focus on the broader markets and maintain the buying on dips approach.

   The auto and financial stocks supported the gain in the benchmark indices as they ended higher on this day . Sensex ended at 44,180 as it gained 227 points and Nifty ended at 12,938 level  as it gained 64 points.The major gainers were Bajaj Finserv , L&T , Tata Motors , Induslnd bank and M&M while the major losses were faced in HUL , Dr Reddy's Lab , BPCL , Titan Company and ITC .