Rudra Investment Best Nifty Tips expert says The country's stock market remained bullish on Thursday since early morning and there was a boom in the markets throughout the day. The Sensex jumped the all-time high of 37061. At the same time, the Nifty touched its all-time highest level of 11,185 In the evening, the Sensex closed 126 points higher at 36984, while the Nifty closed 35 points higher at 11167.
It was for the first time that the Sensex touched 37,000-mark for the first time with a strong global trend and large-scale buying in capital goods, FMCG, realty, and banking stocks amidst a strong global trend and the buying in domestic institutional investors.
The Nifty also reached the new highest level of 11,172.20. In the derivatives segment, the market was supported by the deal before the end of the July business and rupee was higher than the dollar. The 30-share index of the Bombay Stock Exchange, the Sensex rose 156.42 points, or 0.42 percent, to the all-time high of 37,014.65 in the opening trade.
Earlier, on Wednesday, the Sensex reached a record high of 36,947.18 points during the trading session. The strong rise in the shares of capital goods, FMCG, realty, banking, public sector, vehicle, healthcare, infrastructure and petroleum and gas companies helped the Sensex reach this level.
According to Best Nifty Tips expert, The Nifty of the National Stock Exchange also rose by 40.20 points, or 0.36 percent, to the new record of 11,172.20 in the initial period. Analysts said that the demand for domestic institutional investors and better quarterly nominations of some companies also supported the market. According to provisional data, domestic institutional investors bought stocks worth Rs 97.64 crore yesterday while overseas portfolio investors sold Rs 1,195.75 crore.
American stocks gained momentum after US President Donald Troupe and European Commission Chairman Jean-Claude Junker agreed to reduce the ongoing tensions on the business front. The impact was also on the Asian stock market. Among other Asian markets, Hong Kong's Hang Seng index was 0.56 percent, while Japan's Nikkei index climbed 0.02 percent in early trade. However, the Shanghai Composite Index dropped 0.01 percent.
It was for the first time that the Sensex touched 37,000-mark for the first time with a strong global trend and large-scale buying in capital goods, FMCG, realty, and banking stocks amidst a strong global trend and the buying in domestic institutional investors.
The Nifty also reached the new highest level of 11,172.20. In the derivatives segment, the market was supported by the deal before the end of the July business and rupee was higher than the dollar. The 30-share index of the Bombay Stock Exchange, the Sensex rose 156.42 points, or 0.42 percent, to the all-time high of 37,014.65 in the opening trade.
Earlier, on Wednesday, the Sensex reached a record high of 36,947.18 points during the trading session. The strong rise in the shares of capital goods, FMCG, realty, banking, public sector, vehicle, healthcare, infrastructure and petroleum and gas companies helped the Sensex reach this level.
According to Best Nifty Tips expert, The Nifty of the National Stock Exchange also rose by 40.20 points, or 0.36 percent, to the new record of 11,172.20 in the initial period. Analysts said that the demand for domestic institutional investors and better quarterly nominations of some companies also supported the market. According to provisional data, domestic institutional investors bought stocks worth Rs 97.64 crore yesterday while overseas portfolio investors sold Rs 1,195.75 crore.
American stocks gained momentum after US President Donald Troupe and European Commission Chairman Jean-Claude Junker agreed to reduce the ongoing tensions on the business front. The impact was also on the Asian stock market. Among other Asian markets, Hong Kong's Hang Seng index was 0.56 percent, while Japan's Nikkei index climbed 0.02 percent in early trade. However, the Shanghai Composite Index dropped 0.01 percent.
ITC, Tata Motors, and IOC were the top gainers, while HUL, Adani Ports, Dr Reddy’s Laboratories and Bajaj Finserv were the top losers.
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