The BSE Sensex and Nifty50, the Indian market benchmark indices, reached new all-time highs in early trading on Thursday. While the BSE Sensex reached 80,300, the Nifty50 jumped above 24,350. At 9:18 a.m., the BSE Sensex was trading at 80,199.12, up 212 points or 0.27%. The Nifty50 traded at 24,351.55, up 65 points or 0.27%.

Domestic markets continued to rise on Wednesday, supported by strong global trends.

The Sensex hit the historic 80,000 mark, and the Nifty crossed  24,300 level.

As per TOI, Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said,  “We expect this ongoing momentum to continue in the near term. Indian Equities today would react to the release of US Fed meeting minutes and US, Europe, and Asia -Service and Composite PMI data.”

With immediate support at 24,110 levels, Nagaraj Shetti of HDFC Securities believes that a strong rise over 24,400 levels might open the next upside target of 24,900 levels in the upcoming week.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Indian equity markets began the week on a good note and extended their gains as benchmark indexes reached new all-time highs on Monday, owing to favourable domestic signs, the start of the new government and inline RBI monetary policy.

On Monday, BSE’s barometer Sensex climbed almost 386 points, or 0.5 per cent, to 77,079.04. In the early session, the Nifty50 witnessed an increase of 121.75 points, or 0.52%, to 23,411.90. The BSE midcap and smallcap indexes increased by three-fourths to one per cent each, indicating that broader markets surpassed the headline indices.

Nifty made significant gains last week, as the Sensex reached a record-breaking high of 76,795.31. The RBI increased India’s GDP growth projection to 7.2% for FY24–25, and with Narendra Modi taking power for a third term as prime minister, Prashanth Tapse, Senior VP (Research) at Mehta Equities, predicted that markets will trade higher.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.