Mumbai, Oct 13,2021: The equity market maintained its winning streak for the fifth consecutive session on Wednesday, as the BSE Sensex zoomed up 452.74 points to close at 60,737.05 following a spurt in stocks including Auto, Utilities, Power and Industrials.
IMF’s GDP forecast, shows India’s growth at 9.5 per cent in 2021-22 and at 8.5 per cent in 2022-23, boosting investor sentiment.
Other important indicators like the country’s retail inflation, which fell in September, falling to a five-month low of 4.35 per cent, while the Index of Industrial Production (IIP) rising to 11.9 per cent YoY in August too, impacted the equity market.
The Nifty of National Stock Exchange (NSE) too rallied by 169.80 points at 18,161.75.
The market opened on a strong note as the Sensex edged up 325 points at 60,619.81.
During the day it spurted 552 points at 60,836.63, days high, before closing at 60,737.05, up by 452.74 points from its previous close.
The Sensex registered the day’s high and low at 60,836.63 and 60,452.29 pts respectively.
The Nifty recorded days high and low at 18,197.80 and 18,050.75 points, respectively.
The sectoral indices that shot up were Auto, Utilities, Power, Industrials and Metal stocks.
