MUMBAI: The whole world is buzzing about India. At that time, the Indian stock market is also creating a new history. In the session before Wednesday’s trading, the stock market broke its own record and created a new history. BSE hit all time high. The Sensex touched a fresh high of 63,588 in early trade. While Nifty has also crossed the level of 18850. Nifty’s all time high is 18,887.60.
The Sensex rose 159 points to close at 63,327 while the Nifty gained 61 points to close at 18,816 when the market closed on Tuesday. Out of 30 Sensex stocks, 18 rose and 12 fell. On the other hand, the rupee depreciated by 18 paise against the US dollar to Rs. closed at 82.12.
The impact of PM Modi’s visit to America on the market!
This is the new record of Sensex after 1 December 2022. While PM Modi is on an official visit to America today, traders are keeping an eye on the market movement. In Wednesday’s trade, the sectoral index Nifty Auto is witnessing an increase of 0.61 percent. On the other hand, financial services registered a growth of 0.51 percent. It is believed that the market will go further from here.
Earlier, the Sensex all-time high was 63,583.07 in December 2022. Right now the Sensex is trading at 63,464 with an increase of 130 points. Out of 30 stocks in Sensex, 16 are up and 14 are down. On the other hand Nifty is also close to all time high. Nifty’s all time high is 18,887.60. It is currently trading above 18,850, up nearly 40 points. From banks, autos to realty and media sectors, boom is being seen. While on the other hand healthcare, pharma and metals are seeing a decline.
Experts predict that Nifty may touch the 50,000 mark by 2030.
A decade ago Nifty did not even touch 6000 level, now after 10 years in December 2022 Nifty was close to 18900 level. Then again today Nifty is also close to all time high. The market cap of 50 stocks of Nifty has reached 14,920,255.38 crore rupees.
Nifty has registered a gain of 211% during the last one decade. From this progress, experts are predicting that the Nifty may touch the 50,000 mark by the year 2030. In Wednesday’s trade, the sectoral index Nifty Auto is witnessing an increase of 0.61 percent. On the other hand, financial services registered a growth of 0.51 percent. It is believed that the market will go further from here.