Mumbai:Samvat 2073 has really been great for Indian stock market.While sensex surged 17% in samvat 2073,Nifty gained 18% in this period. Benchmark indices are trading at almost highest points currently.BSE market capitalisation has moved to 139.25 trillion rupess. Almost 18 trillion has been added in the present fiscal.The rally has been led by metals,consumer goods,oil and gas and financial stocks.Software and pharma stocks have been the laggards.Small cap index has surged almost 26% from Diwali to Diwali.
In today’s trading,benchmark indices opened the day on a negative note and languished in the red till afternoon trade as traders chose to book profits after Indian markets surged earlier in the week to hit record highs.
Banking stocks were among the top sectoral losers, with the NiftyPSU Bank index slipping over 2%. The fall in the banking stocks was triggered by Axis Bank that lost nearly 9% intra-day post its September quarter numbers which showed worsening asset quality.
Both the benchmark Sensex and the Nifty finally closed the day with losses of over 0.2%.
Marketwill open on October 19 for Muhurat trading in the evening at 6.30pm, and remain closed on Friday on account of Diwali.