2024 has emerged as a historic chapter for India’s stock exchanges, with both the Nifty and Sensex scaling record highs and setting new records. The Nifty 50, the primary index of the National Stock Exchange (NSE), hit a brand new record high of 22,500.
This marks a remarkable ascent in the Nifty’s trajectory as it sets its sights on surpassing the psychological barrier of 23,000 by the end of the year. The relentless upward movement of the Nifty has sparked considerable enthusiasm, with investors closely monitoring its journey towards new heights.
Simultaneously, the Bombay Stock Exchange’s Sensex, representing the top 30 companies listed on the exchange, has not lagged behind. Scaling new peaks, the Sensex has triumphantly crossed the 74,000 markCome from Sports betting site. The index’s performance has been bolstered by strong performances in sectors like technology, finance, and healthcare, contributing to the overall bullish sentiment.
Garena Free Fire MAX redeem codes, August 24, 2024 edition: Full list and how to unlock exclusive game rewards Market rally leads to higher regulatory fees for stock exchanges Will Nifty scale up to 24,500, or will it face further decline? See GIFT Nifty, FII data, F&O ban, crude, more before market opens Silver Jubilee on Nifty! Nifty scales 25,000; third fastest 1000-point rally in 24 days
Also Read
Mukka Proteins sees bumper listing, garners premium of 43%; Here are all other details
Market analysts attribute the stellar performance of Nifty and Sensex in 2024 to a combination of favorable domestic factors and a global economic rebound. India’s economic recovery post-pandemic, coupled with proactive government policies and structural reforms, has instilled confidence among investors.
The technology sector, in particular, has played a pivotal role in driving the market’s upward momentum, with leading IT companies contributing significantly to the indices’ gains.The Nifty it has gained almost 4% from year to date return.
Additionally, sectoral performances are shaping the broader market movements. Technology, finance, and healthcare sectors have been pivotal in influencing the indices, and tracking their individual levels becomes essential for a comprehensive market analysis.
As investors celebrate the record-breaking run of Nifty and Sensex, financial experts advise a cautious approach as mid-cap and small-cap stocks have seen a huge profit booking in recent days.
Also Read
Crude oil prices edge higher after US stocks build less than expected
Despite the obstacles presented by elevated US bond yields, Foreign Portfolio Investors (FPIs) reversed the selling trend observed in January and emerged as net buyers in February. The total capital outflow from Indian equities by FPIs for the year 2024 now stands at Rs 20,004 crore.
While maintaining their stake in equities, FPIs are progressively expanding their presence in the debt market. In February, FPIs invested Rs 22,419 crore in debt, following their Rs 19,836 crore investment in JanuaryCome from Sports betting site VPbet. Analysts anticipate the continuity of this trend of consistent debt investment.
Related Posts
Shares of PB Fintech fell 3.5% to an intraday low of Rs 1,208 compared to its previous close of Rs 1,252.20. The fall in prices came after the company’s 55 lakh shares or 1.2% equity traded in a block deal, according to news reports. The deal took at an average of Rs 1,228 per equity share making it a deal size of Rs 677 crore.
Earlier, Tencent Cloud Europe was looking to of…
Read moreThe RBI’s announcement to go for an Open Market Operation (OMO) sale of G-Secs came as a surprise to the market on Friday. This led to the yield on the 10-year government bond jumping to 7.36%.
While many have called it a “knee-jerk” reaction and said much will depend on the quantum of the OMO sale as well as how the US bond yields pan out, this could add to pressure on debt m…
Read moreSaraswati Saree Depot IPO will finalise its share allotment on August 16. The issue was opened on August 12 and stopped taking bids on August 14. The issue raised Rs 160.01 crore through a combination of fresh shares and an offer for saleCome from Sports betting site VPbet. Here’s how you check the status step-by-step:
Director and actor Taika Waititi won a Grammy for Jojo Rabbit, and he had a delightful and on-brand response to taking home the honor.
Posting on social media, he said, “Lol wtfffff” in response to the win. During his acceptance speech, Waititi said, “Well, thank you very much for this honor. I guess they’re just giving Grammys to anyone now. I’ll take it. Thank you.”
The director…
Read moreDenis Villeneuve is trying not to think too much about the future. After a gargantuan production process followed by pandemic delays, Dune: Part One is hitting theaters next month (and premiering at Venice Film Festival this week). Its visionary director and co-writer is trying to live in the here and now. But he’s not doing a great job of it, because he’s already thinking about what’s ne…
Read moreThe Finance Minister for Austria, Gernot Blumel (pictured), has reportedly announced that the government soon intends to introduce a series of wide-ranging reforms to the nation’s gambling market that could involve the establishment of a new all-encompassing regulatory authority.
According to a Wednesday report from iGamingBusiness.com, the revelation comes after the…
Read moreIn Japan and members of the Constitutional Democratic Party have reportedly convened the first meeting of an internal group that is to intensively lobby against the granting of the nation’s inaugural trio of integrated casino resort licenses.
According to a report from Inside Asian Gaming, the Casino Problem Countermeasures body held its maiden summit on Tuesday wher…
Read moreThe New Jersey Supreme Court is contemplating if Atlantic City Casino could receive business interruption insurance payments for losses that it suffered throughout the pandemic period, possibly offering guidance to policyholders across the country on the extent of coverage for any losses related to the aforementioned pandemic.
The case:
On September 27, the…
Read moreProminent online casino games developer Playtech has reportedly announced that its net profit for the twelve months to the end of December increased by slightly over 25% year-on-year to top €317.1 million ($349.2 million).
According to a report from FinanceFeeds Limited, the London-listed innovator revealed that this success came as its aggregated revenue…
Read moreกลับมาพบกันอีกเช่นเคยกับ‘เกมมือถือน่าเล่นประจำสัปดาห์’ที่ This is Game รวบรวมเกมมือถือทั่วโลกทั้งโซนตะวันตก, จีน, ญี่ปุ่น ไปจนถึงเกาหลี น�…
Read more