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Bulls drive Sensex to record streak
Mint Mumbai
|September 16, 2023
The BSE Sensex is poised to log its longest winning streak as retail investors continue to plough money into the markets
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The 30-share index has now risen for 11 days in a row this month, matching the longest winning streak since 7 October 2007 when it rose for an identical number of days. Such long winning streaks have happened only four times: June 1983, October 2003, October 2007 and September this year.
Between 31 August and 15 September, the Sensex rose 4.6% or 3007 points from 64,831.41 to 67,838.63, to hit a record closing high. Stocks that have been the biggest contributors to this rally include Nestle India Ltd (622.35), Maruti Suzuki India Ltd (521), UltraTech Cement Ltd (412.6), Bajaj Finance Ltd (328) and Tata Consultancy Services Ltd (242.8). Unlike the Sensex, the Nifty corrected for a day on 12 September, falling a mere 3 points. It also made a fresh closing high of 20,192.35 on Friday.
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