Back To The ‘All is Well’ Feeling

Market Watch

Domestic indices hit record highs on the back of robust performance in real estate, power, metals and automotive sectors

At the end of a volatile fortnight, domestic indices have finally reached new all-time highs on the bourses, reflecting global resilience, which is exemplified by the Nasdaq Composite index and Japan’s Nikkei soaring to record levels. The benchmark indices, BSE Sensex and Nifty 50, witnessed gains of 1.9 per cent and 1.5 per cent, respectively, driven by heightened optimism in the market, thereby outperforming the broader indices. After encountering severe selling pressure in the last fortnight, the BSE Small-Cap index managed to recoup some of its earlier losses, gaining 0.42 per cent.