Lagatar24 Desk
Mumbai, Oct.18: On the back of bullish morale, the markets continued to set new highs. In intra-day trades, the BSE Sensex hit a new all-time high of 61,894 points, and was up 400 points at 61,707.
The Nifty 50 index has reached a new high of 18,521, up 130 points from its previous high of 18,469.
The Nifty Metal index has increased by 3.6 percent, while the PSU Bank index has increased by 1.5 percent. The Nifty Consumer Durables, Oil & Gas, and Information Technology indices have all gained more than 1%.
Shares of Avenue Supermarts, that owns and operates retail chain D-Mart, set a fresh high of Rs 5,899.90 in intra-day trading on the BSE, following the company’s quarterly results. The company announced on Saturday that its consolidated net profit for the second quarter ended September 2021 increased by two-fold to Rs 417.76 crore (Q2FY22). In Q2FY21, the company made a net profit of Rs 198.53 crore.
The larger markets have also performed well. The Nifty Midcap 100 index has increased by 1.4 percent, while the Smallcap 100 index has increased by 0.8 percent. The VIX in India has also increased by over 9% to 17.15.
