Insta
Bombay Stock Exchange. (Aniruddha Chowdhury/Mint via Getty Images)
Bulls seem to be on a run as markets continue to scale new highs. After closing at 36,984 yesterday (26 July), Sensex breached the 37,000 mark again by opening at 37,253 points as reported by NDTV Profit.
Sensex had breached the 37,000 mark yesterday for a brief period. However, today the Sensex has sustained and continued to operate above the 37,000 mark. At 2:52 pm, Sensex was trading at 37,346 points. On the other hand, National Stock Exchange (NSE) NIFTY has breached the 11,200 mark and scaled a new high.
However market analysts are not confident about the sustenance of the indices. “As long as Nifty trades above the first line of defence placed near 11,000, it may continue to travel north," Dyaneshwar Padwal, AVP Technical Analysis, KIFS TradeCapital is quoted to have said.
As Indian stocks surge, other Asian stocks have failed to gain traction possibly due to the Sino-US trade war. Asian markets failed to surge despite signs of reconciliation between the US and Europe.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest