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Nifty creates yet another history today as it touches a new record highs.

Good Evening Everyone, What a day it was! Just as we had discussed in our last meet, Indian markets have reached a one of its kind league where it is not dependent on the US markets or Asian markets and today went to hit its all-time high and closed above 17500 today.


The market opened flat at 17386 and went on a big bull run to a record high and closed at 17532.7. Most of our portfolio is standing with a great profit.


It was interesting to note that, being September, which is generally a weak month, still the market rose up and closed at a record high.


I was expecting this move only next month as I have been telling earlier, but then with such movement, we might see 18000 soon.


The most interesting thing to note is that today, the market bigwigs like Reliance & HDFC bank were weak today and still the market closed high. Imagine, when Reliance & HDFC bank goes up, what will happen?


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On the daily chart, Nifty has formed a bullish candle which shows that Bulls are still in power.


Sector Watch:


SBIN lead the sector of PSU banks with huge bullishness and then followed by huge power from IT, lead the Nifty to a record high.


Top Gainers:


Top gainers were from the Energy sector, lead by NTPC up by 7.46% and the telecon sector was lead by Bharti Airtel as the Govt has decided to support the segment, which was great news.



Top Losers:


Profit booking was seen in the FMCG sector lead by Tata consumers, Nestle, Britannia & ITC. Also, profit booking was seen in Realty sector stocks like Grasim, Asian paints, Ultra cemco, and so on. Let's look forward to an interesting expiry tomorrow.




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