Nifty and Sensex both are soaring high. Yes, its not a typo. Its 3 Lakh crore jump in investors wealth. Ever since the new government has taken charge, the stock market confidence is boosting.
Nifty and Sensex – Bull run continues
The stock market was on fire today! The 30-share BSE Sensex pack shot up by over 500 points, reaching an impressive day high of 76,968. And not to be outdone, the broader NSE Nifty index also made a significant move, climbing 155 points to reach an all-time high of 23,420. Investors must be feeling pretty optimistic seeing those numbers!
Investors are feeling pretty good as Prime Minister Narendra Modi decided to stick with Nirmala Sitharaman for another term as Finance Minister. It’s like a vote of confidence in her policies, which have already proven successful—the Sensex jumped a whopping 93% during her first stint.
When Sitharaman first took on the role on May 31, 2019, she inherited a Sensex around the 39,700 mark. Fast forward to Monday’s trading session, and the index hit an all-time high, zooming past 77,000, just before the official announcement of her reappointment. It’s clear that investors are happy with the continuity she brings to the table.
Except FMCG, all other sectoral indices are trading in the green. BSE Midcap and Smallcap indices up 1 percent each. Stocks like Tata Motors have gained over 1%. Its a wide spread bull run and may take the market even higher in coming weeks.
