: Sensex rallies over 450 pts on last trading day of 2021 #IndiaNEWS #Social Trends Mumbai, Dec 31: Equity benchmark Sensex rallied over 450 points on the last trading day of 2021 on Friday, led by

Sensex rallies over 450 pts on last trading day of 2021 #IndiaNEWS #Social Trends
Mumbai, Dec 31: Equity benchmark Sensex rallied over 450 points on the last trading day of 2021 on Friday, led by strong gains in Maruti, SBI and Bajaj Finance.
The 30-share index surged 459.50 points or 0.80 per cent to end at 58,253.82. Similarly, the Nifty rose by 150.10 points or 0.87 per cent to 17,354.05.
Titan was the top gainer in the Sensex pack, rising 3.5 per cent, followed by Kotak Bank, SBI, Maruti Suzuki, Bajaj Finance, HUL, Axis Bank and Sun Pharma.
On the other hand, NTPC, Tech Mahindra, PowerGrid and Infosys were the laggards.
Bourses in Tokyo and South Korea were closed on Friday. Among others, Hong Kongs Hang Seng rose by 1.24 per cent while Shanghai Composite gained 0.57 per cent.
Stock exchanges in Europe were trading with losses in mid-session deals.
What a year 2021 has beenThe globe recovered from the Covid pandemic but faced another round of virus spread in March. However resilient Nifty kept rising through the year till October and then saw some decent correction. Globally and in India the marketcap on GDP ratio touched an all-time high due to large liquidity flows, low-interest rates, the expectation of early return to normalcy and low returns from other asset classes, Dhiraj Relli, MD & CEO, HDFC Securities, said.
Transition to 2022 will see a more normal monetary policy, and investors could do well to expect more moderate returns from financial markets. Central banks will start to raise rates but remain more tolerant of inflation. Central banks and their assessment of economic conditions will likely be front and centre once again in shaping investment strategies in 2022, he added.
Post a super show in 2021, valuation levels in Indian equities could make most people cautious on India within EMs and Asia. Indian equities are running into many challenges, including the US rate cycle, rising oil prices, elections in key states, potential Covid wave 3, an upward inflexion in domestic interest rates, rich headline valuations and strong relative trailing performance, Relli said.
Meanwhile, international oil benchmark Brent crude slipped 0.43 per cent to USD 79.19 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 986.32 crore on Thursday, according to stock exchange data. (AGENCIES)
The post Sensex rallies over 450 pts on last trading day of 2021 appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K.

Latest stock market news Twitter alternate of India

10% popularity Flash it Bury this