Published on 03/10/2021

The Indian benchmark indices fell for the fourth straight day on October 1. At close, the Sensex was down 360.78 points at 58,765.58 and the Nifty was down 86.20 points at 17,532. Buying was seen in the pharma, metal, PSU bank and energy sectors, while selling was seen in the realty, bank and IT sectors. The gains have not been driven by a single factor but several reasons including GDP growth, fiscal and demand-boosting measures and easy liquidity. The rally is not a bubble as various factors have contributed to the Indian market’s growth story.

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