The domestic stock market posted healthy gains on Friday, December 1. The benchmark Nifty 50 touched a new record high of 20,291.55 in the intraday session on all-round buying after India’s Q2 GDP numbers beat expectations.
The Nifty 50 finally closed up 135 points (0.67 per cent) at 20,267.90. The Sensex ended the trade at 67,481.19, up 492.75 points.
Mid and smallcap indices also hit new record highs during the session. The Nifty Midcap 100 index touched a record high of 43,469.30, while the Nifty Smallcap 100 index touched a fresh high of 14,305.10.
The Nifty Midcap 100 index closed up 1.10 percent at 43,382.40, while the Nifty Smallcap 100 index gained 0.48 percent at 14,239.30. The Sensex was 446 points away from its all-time high of 67,927.23 reached on September 15 this year.
The BSE midcap index rose 0.96 percent to end at 34,586.76, after touching a fresh intraday high of 34,631.35. The BSE Smallcap index rose 0.48 percent to 40,565.96 from 40,718.81 during the session.
The aggregate market capitalization (m-cap) of BSE-listed companies rose from nearly Rs 335.6 lakh crore in the previous session to nearly Rs. 337.7 lakh crore, making investors around Rs 2.1 lakh crore richer in a single session.
Market experts attributed the rise in Nifty 50 to 1. Strong GDP numbers, 2. Political expectations, 3. Contribution of retail investors, 4. RBI’s announcement of no hike in repo rate, 5. Technical factors.
