The stock market witnessed limited range trading today, however, with the help of this limited gain, the Sensex and Nifty reached a new record level in Tuesday's trading. During trading, the Nifty crossed the 26 thousand mark for the first time. At the end of trading, the market lost all its gains and the Sensex closed in the red mark. On the other hand, even after the decline, the Nifty managed to remain in the green mark. In today's trading, both the indices closed flat near their previous levels, albeit in different directions.
Today, Sensex closed at 84914 with a fall of 15 points and Nifty closed at 25940, close to the previous level. During trading, Nifty touched an all-time high of 26011 and Sensex at 85163. Today, Sensex closed at 84914 with a fall of 15 points and Nifty closed at 25940, close to the previous level. During trading, Nifty touched an all-time high of 26011 and Sensex at 85163. Nifty completed the journey from 25 thousand to 26 thousand in just 38 sessions.
Why are records being made in the market? The main reason behind the making of new records one after another in the market is the rising expectations about the domestic economy and the signals received from China along with the flow of cash in the system. Jefferies' Greed & Fear report says that the domestic market is the best opportunity for long-term investment for investors around the world. Whether the investors' perspective is of 10 years or 5 years. The report clearly stated that despite the high valuation, India's weightage has not been reduced. According to the report, 10 to 12 percent nominal GDP growth can be seen in the coming time. It is clear from this that the market giants remain positive about both betting on India and increasing the bets here. The second reason is that the sharp reduction in rates by the Federal Reserve last week is expected to increase the investment flow from foreign investors, which is already booming. In the month of September so far, foreign investors have bought shares worth more than Rs 33 thousand crore in the stock market. With the help of this purchase, the investment of foreign investors in equity has crossed Rs 76 thousand crore so far this year. Investors have been continuously investing money in the market since the month of June. Earlier, they had withdrawn Rs 34252 crore in April May. At present, there are indications that investment from foreign investors may continue, in such a situation, the final figures of investment in the month of September can reach new heights. The third reason is the announcement of a relief package by the government to handle the market and economy in China. The People's Bank of China has announced to reduce the loan rates and flow more cash into the system. Apart from this, it has been said that a new plan will be brought to give stability to the capital market. These steps of China have improved the sentiments in the global market, which has also affected India.
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