The Nifty index surged past the psychological milestone of 20,000 points, attaining a 10-week high and registering a noteworthy 5% uptick this month. This commendable upswing in the index can be attributed to a confluence of factors. Firstly, uncertainties surrounding a potential U.SHyderabad Wealth Management. interest rate hike have been eased by a series of dovish signals from Federal Reserve officialsNew Delhi Investment. Additionally, the resurgence of FII buying and a substantial buying of domestic investors, injecting a robust 11,139 crores into the cash segment this month, have played pivotal roles in propelling the index.Guoabong Investment
The buoyant sentiments of the market are poised to endure, with the anticipation of scaling fresh all-time highs in the coming monthAhmedabad Investment. This optimism is underpinned by vigorous buying activities in the Information Technology and banking sectors, which collectively command a weightage of 51.50% in the Nifty 50 index.
Furthermore, the Bombay Stock Exchange (BSE) has achieved a historic milestone, with its market capitalization crossing the $4 trillion mark for the first time. This expansion is poised to sustain momentum as the prospect of foreign investors redirecting their investments towards India, spurred by this dovish stance, serves as a compelling catalyst for the continued growth of the Indian equity market.
Mumbai Stock Exchange