Only 10 stocks from the Nifty basket closed in the red
Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space
The Bank Nifty index gained 2.22 per cent ahead of a press briefing by the finance minister
The substantial growth in the Indian conglomerates' wealth comes at a time when the Indian stock markets are witnessing an unprecedented boom.
The surge in August saw India's market cap top the Rs 250-trillion mark
Sensex, Nifty jump 1.4%, log new highs
Thanks to the pandemic-induced lockdowns which have spurred adoption of digital platforms, some internet-based companies are expected to enter equity benchmark Nifty over the next few months
The broader NSE Nifty gained 68.30 points, or 0.41 per cent, to finish at a record 16,705.20
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21
Experts say this reflects selling pressure in mid-, small-cap space
Nifty has gained 17% YTD in dollar terms, best among headline EM indices
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with strong gains
The changes shall become effective from September 30
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE
The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
India's key equity indices are expected to resume their northward trajectory during the upcoming week, experts opined.
Nifty50 index closed above the 16,000 mark for the first time, ending the session at 16,123 with a gain of 238 points, or 1.55 per cent
The Sensex rallied 363.79 points or 0.69 per cent to finish at 52,950.63
Bajaj Finance was the top loser in the Sensex pack, shedding 2.59 per cent, followed by Bajaj Finserv, SBI, Tata Steel, Titan, Asian Paints and Axis Bank
Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%