Sensex Ends 231 Points Higher; Capital Goods And FMCG Stocks Witness Buying

Indian share markets continued their momentum during closing hours and ended their trading session on a positive note.

At the closing bell, the BSE Sensex stood higher by 231 points (up 0.6%) and the NSE Nifty closed higher by 73 points (up 0.6%).

The BSE Mid Cap index ended up by 0.5% and the BSE Small Cap index ended the day up by 0.1%.

On the sectoral front, gains were seen in the FMCG sector, metal sector and capital goods sector.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood down by 2.82% and the Nikkei was trading up by 0.71%, while the Shanghai Composite was trading down by 2.75%.

European markets were trading on a positive note. The FTSE 100 was up by 0.10%. The DAX was trading flat, while the CAC 40 was trading up by 0.30%.

The rupee was trading at 71.23 to the US$ at the time of writing.

Speaking of Indian share markets, the chart below shows the monthly trend in SIP inflows.

SIPs on the rise

As can be seen, in the month of December 2019, SIP inflows into mutual funds hit an all-time high of Rs 8,518 crore.

Here's what Ankit Shah wrote about this in today's edition of The 5 Minute WrapUp...

  • AMFI data shows that mutual funds added, on average, 9.55 lakh SIP accounts each month during FY2019-20, with an average SIP size of about Rs 2,850 per SIP account.
  • From April to December 2019, there were a total of 85.99 lakh new SIP registrations. Indian mutual funds have currently about 2.98 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes.
  • Total SIP AUM (assets under management) has been growing steadily. As on December 2019, the total SIP AUM stood at Rs 3.17 lakh crore.

The big picture Ankit is trying to show is clear.

A lot of money is continuously pouring into the stock markets despite all the bad news about the economy.

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.