BSE Sensex went up by 8.46% in December 2020 to close at 47,751. Nifty 50 closed at 13,982, higher by 7.81% from 12,969 in November closing.
Expectation of quick arrival of Covid-19 vaccines, slowing of Covid19 infections, abundant liquidity and expectation of economic rebound in Q3 are the key reasons for strong performance of market in December 2020.
Foreign Portfolio Investors (FPI) infused Rs.6555 Crore in Indian equity markets in the month of January. This is the third consecutive month where FPIs have been net buyers of equity and this is one of the major reason for continued gains of market.
Amongst the BSE sectoral indices all indices were good performers in the month of December. Realty (20.20%), Metal (13.51%) and Consumer Durables (12.38%) were the best performers. Power (3.14%) sector saw the lowest increase.
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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