The previous session saw record highs and weekly gains for the domestic equity benchmarks Sensex and Nifty 50, as the global markets’ appetite for risk was bolstered by the US Federal Reserve’s large interest rate drop earlier in the week.
Record closing highs were reached by the Nifty 50 index, which increased 1.48 percent to 25,790.95, and the S&P BSE Sensex, which increased 1.63 percent to 84,544.31.
For the first time ever, the Sensex closed above the landmark 84,000 on Friday. It surged 1,509.66 points, or 1.81 percent, during the day to reach the historic intra-day peak of 84,694.46. In the previous session, the NSE Nifty gauge reached an all-time intra-day peak of 25,849.25, surging 433.45 points, or 1.70 percent.
The Nifty and Sensex saw weekly increases of 1.7% and 2%, respectively, marking the fifth week of advances in the previous six. The larger, more nationally oriented small- and mid-cap stocks increased by 1% and 1.5%, respectively.
The 30-share BSE benchmark initially reached the 83,000 mark on Thursday. Domestic trading firm Stoxbox has published its top seven stock choices for this month based on the current state of the market.
The following stocks were chosen by the brokerage using technical and fundamental criteria. The brokerage claims that the equities are well-positioned to provide investors with strong returns over the course of the next year and have strong fundamentals.