Sensex tops 52000 led by gains in bank and auto stocks: Key factors driving D-St today
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Summary:
The fact that India VIX is at a 52- week low also indicates the resilience of the market, said an analyst.NEW DELHI: Buying in bank and auto stocks lifted benchmark indices to another high on Tuesday as better-than-expected GDP numbers gave hopes to investors. Strong global cues also boosted morale. The ongoing bull run in the market has taken even the incorrigible optimists by surprise. FIIs, regarded as smart investors, have been caught on the wrong foot. The fact that India VIX is at a 52- week low also indicates the resilience of the market, said an analyst.
“Q4 numbers show robust growth in construction and manufacturing. This trend is likely to sustain in the last three quarters of FY22 suggesting good prospects for related industries. Nifty has clearly broken out of the upper rang ...
