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Nifty crosses 18,000 level for the first time, RIL shares also at record level

Nifty crosses 18,000 level for the first time, RIL shares also at record level

Nifty has reached a record level of 18 thousand.

Nifty at record high of 18,000: Domestic equity market benchmark BSE Sensex and Nifty rose on Monday. Nifty has reached a record level of 18 thousand. At the same time, BSE Sensex is staying around the level of 60,300. Tata Consultancy Services (TCS), Tech Mahindra, Infosys, HCL Technologies, Bharti Airtel were the biggest losers. Their shares have seen a decline of up to 7 percent. While Maruti Suzuki, Power Grid Corporation of India, Kotak Mahindra Bank, Mahindra & Mahindra, Reliance Industries (RIL) have seen the biggest gains. The stock of RIL has touched a record high.

Talking about the sector, Nifty IT saw a decline of more than 4 percent. On the other hand, Bank Nifty has seen a jump of more than half a percent. Nifty Auto has seen a fresh rise of more than one percent and Nifty Metal has seen a jump of about one percent.

Experts believe that unexpected buying has helped Nifty to reach the level of 18 thousand. However, investors should keep on booking profits on every hike. And when there is correction, it will be faster. Experts said that there is a positive environment in the market as new investments from foreign investors continue to come in after the crisis in China. There is a steady decline in the cases of corona. With this there has also been a decline in the possibility of a third wave, due to which the Nifty index has jumped sharply.

After the historic privatization of Air India, the government will now start work on monetizing its four more subsidiaries. DIPAM Secretary Tuhin Kanta Pandey has told that these include Alliance Air and non-core assets like land and buildings worth Rs 14,700 crore. On October 8, the government announced that Tata, a salt-to-software business group, had won the bid to acquire debt-ridden national airline Air India for Rs 18,000 crore.

Updating the news…

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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