Sensex Crosses 32000 Mark Nifty Again at the All-Time-High
And again the market hits s stroke to the all-time-high index. The benchmark Nifty and Sensex have reached the mark of 32,000 and 9,879 for the first time on July 13, 2017, giving an unexpected rise to the market. Due to the lead from Asia after the US Federal Reserve chief and a gradual approach to raising US interest rates have made the investors go for fresh bets. The index of 30 shares zoomed 215.60 points or 0.67% to hit the new height of 32,020.42, while overcoming the intra-day record of 31,885.11 as on July 11.
The stock prices of almost all the well-established companies have gained substantial profits. All the sectoral indices led by FMCG, capital goods, power, metal, banking, and automobile were noticed performing in the positive manner while appreciating the values of the investments made in them. On the flip side, the 50-share NSE Nifty also raised to 62.40 points, or 0.63% to hit the new record at 9,879. However, it has reached the intra-day record high at 9,830.50 on July 11.
Furthermore, it has been believed that there will be a rate cut by Reserve Bank in its policy meet in the next month due to the historical hit of as low as 1.54% in the month of June, where the industrial output growth jumped to 1.7% in May. Thus, it can be expected that the economy is going to show various positive trends in favor of investors.
The prominent gainers during the market hike were ICICI Bank Ltd., ITC Ltd., L&T and Sun Pharma, which has gained up to 1.69%. Accordingly, the investors holding investments in these corporates either directly or through a mutual fund scheme have definitely made a huge profit. So are you making enough income on your investment? Well, for that you will have to be patient and wait for the NAV declaration of the scheme in which you hold capital.
However, if you are a newbie investor and looking for the best way to create riches for your future, then the current market is showcasing highly positive moves. The industry experts have analysed that the market is all set to produce the desired growth and in the coming few years it will showcase tremendous growth opportunities. Now is the only time to take the best investment decision.
So if you want to invest in the best-performing funds which can overcome the market ups and downs to generate the best returns, then you must get associated with us now. MySIPonline and team are there to support you always.
- LTCG Tax Is Not As Negative As it Seems; Here’s Why?45484 min read Jan 01, 1970
- Sensex Plunges Over 1000 Points; Should You Buy or Hold Your Investments for Correction?46173 min read Jan 01, 1970
- Sensex Dives Nearly 840 Points: Things to Consider and Experts’ Take47183 min read Jan 01, 1970