On the one hand, India’s sting is ringing in America. On the other hand, the Indian stock market is creating new history. In Wednesday’s trading session, the stock market broke its own record and created a new history. BSE’s Sensex has reached all time high. Sensex has reached a new level of 63,588 in early trade. This is the new record of Sensex after 1 December 2022.
Market experts believe that the better performance of RBI has strengthened the fundamentals of the market. At the same time, India is emerging as an alternative to China in the world. Due to which the confidence of investors has increased on the Indian market.
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Growing trust in India
Shares like Mukesh Ambani’s Reliance Industries, TCS, HDFC are running at the speed of rocket in Wednesday’s business. On the other hand, shares like Shriram Finance, Piramal Enterprises have seen an upper circuit of 10 per cent. In fact, the confidence of investors in the market is also increasing because good news has started coming for India from PM Modi’s American tour. On one hand, Tesla has indicated to come to India. So India has got good news in the semiconductor sector as well.
How will be the future
Market experts believe that the signs of growth are better for India. In such a situation, it is expected that the market is going to remain positive in the coming times as well. Talking about the sectoral index in Wednesday’s trade, a rise of 0.61 per cent is being seen in Nifty Auto. On the other hand, a growth of 0.51 percent has been recorded in financial services. It is believed that the market will move further from here. In fact, due to elections in many states and then big events like the Lok Sabha elections, the trend of the market can remain positive in the coming times.
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