NIFTY 50 nearing 12,000 and SENSEX nearing 41,000
The indices of the Indian stock market continue its fourth day of upmove with both the indices NIFTY 50 and SENSEX nearing their key levels. However, the markets were driven down lower from this level a couple of days back, when the investors rejected the higher prices. Whether the markets will accept the upmove or not remains to be seen in the two-and-a-half hours.
Large- , mid- , and small-cap stocks participating in the rally
The market is showing consistency in its move with all the three caps participating in the upmove. This indicates strength in conviction of buyers as they are continuing to buy stocks across size of all companies.
Realty stocks continue upmove
Realty stocks were the shining stars of last trading day, and they are continuing to spearhead the sector indices today also. The index at the time of writing is up about 3%.
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Metals, banks and financial services stocks shine
In addition to the extraordinary performance of the realty stocks, the stocks of companies in metal, banking, and financial services sectors are performing well with the indices for these up from 1% to 2.5%
FMCG, media, and pharmaceuticals stocks lag
Today’s lackluster performance is by the stocks in FMCG, media, and pharmaceuticals sectors. The performance of the indices of these sectors, at the time of writing, is from -0.3% to 0.25%