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G20 magic ! bounces in stock market, Nifty crosses 20,000-mark

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New Delhi: The stock market is showing magic at the end of the G-20 summit. The Sensex continued its rise for the seventh consecutive day. The Sensex ended the week at 67,127.08, gaining 528.17 points. On the other hand, Nifty crossed the 20,000 mark for the first time.

On the Bombay Stock Exchange (BSE), idtility accounted for 2.43 per cent. It is followed by telecom, power and auto respectively. Public sector banks, metals and autos are on the list on the National Stock Exchange (NSE). Public sector banks’ net profit on Nifty rose to 3.13 per cent. Overall, the Sensex ended Friday at 67,127.08, gaining 528.17 points.
Adani Port, Adani Enterprises, Power Grid and Apollo Hospitals are among the gainers on Nifty. The Nifty reached an all-time high of 20008.15 points. The gain in a single day is 188.2 points or 0.94 percent. Power Grid, Axis Bank, Maruti Suzuki, HCLTech and State Bank were the top gainers on the Sensex pack. Experts believe that the recently concluded G-20 summit has left an impression on the stock market. At the just-concluded summit, several countries agreed on the Europe-Middle East-India Trade Corridor. This is expected to impact India’s market of 1.5 billion people.

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