DSIJ Mindshare

It took only 61 trading sessions for the Nifty50 to leap from 20,000 to 21,000 points, underscoring the rapid growth in the Indian stock market.

On the domestic front, domestic institutional investors (DIIs) were net buyers of Indian stocks today, buying Rs 2,360.81 crore worth of shares. This helped to boost sentiment and push the markets higher.

In a lackluster trading session, both the Nifty and Sensex displayed a lack of direction, closing unchanged. Mid-caps remained largely stagnant, with Small-caps managing to take out limited gains of 0.3 per cent.

In the last month, the Nifty 50 increased by 2.81 per cent, while Nifty Realty saw an impressive 20.30 per cent rise. Notably, penny stocks, often considered risky, outperformed expectations. About 20 penny stocks surged over 20 per cent in a month and 50 per cent in a year.

The overall sentiment in the broader market appeared negative, as around 460 stocks advanced, while 1,475 stocks recorded declines. This suggests a more bearish outlook in the broader market.