Stock market at record high: Indian stock market created history today. The Sensex crossed 64,000 for the first time and the Nifty of the National Stock Exchange crossed the 19,000 mark for the first time. BSE Sensex is witnessing a great boom since morning. But during afternoon trade, due to vigorous buying by investors, it crossed the 64,000 mark and reached the level of 64,037. While Nifty crossed the historical level of 19,000 with a gain of 194 points and reached the level of 19,011.
Nifty crosses 19,000 thanks to Adani
Shares of Tata Motors, Titan, NTPC and Larsen have been instrumental in taking the Sensex beyond 64,000. Out of 30 Sensex stocks, 29 are trading in the green. While out of 50 stocks of the Nifty index, 47 stocks are trading with a boom and 3 with a decline. Adani Group’s shares have been the biggest contributor to Nifty crossing 19,000. Due to the investment of GQG Partners, Adani Enterprises and Adani Ports, included in the Nifty, are trading with a gain of 4.54 per cent and 3.42 per cent.
The merger of HDFC Bank and HDFC also contributed
Naveen Kulkarni, CIO, Axis Securities PMS, on Sensex-Nifty creating history, said that Nifty 50 index has been successful in surpassing historical highs due to stupendous investment from domestic institutional investors and foreign portfolio investors. He said that the announcement of the date of merger of HDFC Bank and HDFC has also contributed in achieving this milestone.
the boom may continue
HDFC Securities MD CEO Dhiraj Relli said that due to the investment of institutional, retail and NNI investors, Nifty has been able to touch the record high. He said that due to the better visibility of the data coming from America and the announcement of new stimulus package in China, this boom has been seen in the market. He said that the danger of El Nino has been averted and if this trend continues in the market, then the Nifty can go up even more. Dhiraj Relli said that India is seen as the most attractive destination for investors from all over the world.
read this also
