In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers
The financial stocks have the biggest sectoral weight in the domestic stock markets
The DSP fund's strong showing comes in a year that has seen unpredictable market reversals whipsaw quant investors globally, with profound changes wrought by the pandemic
Raising equity allocation when the market is down and reducing it when it is soaring is difficult. Let dynamic asset allocation funds do it for you
All that happened in the markets today
The S&P BSE Sensex hit a record high on Friday and breached 45,000 mark to hit a high of 45,033.19 in intra-day deals
Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance
Extended breadth is not the only signal that India's equity rebound may have run too far too fast
After scaling an all-time intra-day peak of 44,953.01, the 30-share BSE Sensex pared some gains to end 14.61 points or 0.03 per cent higher at 44,632.65
"We have been positive on sectors such as power, telecom, and metals & mining for some time now," says Nimesh Shah, managing director and chief executive officer at ICICI Prudential AMC.
The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109
India's emerging market peers Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November
The Nifty currently trades at 21.4x its estimated 12-month forward earnings
The gain in share prices has been supported by the rally in commodity prices
Before Wednesday's fall, the benchmark indices had surged 12 per cent in November, underpinned by record buying by foreign portfolio investors
Previously, September 2010 had seen the record for highest FPI flows in dollar terms. In rupee terms, August this year had seen record flows of Rs 45,637 crore
All that happened in the markets today
According to Bloomberg data, about 86 per cent of the Nifty components are currently trading above their 200-day moving average (DMA) - a key technical indicator to study long-term trend of a stock
All that happened in the markets today.
Gains among banking stocks have helped the main Nifty index rise over 19% so far this month