The stock market continues to run great. The Sensex crossed the 79,000 mark for the first time on Thursday. It ended the day at an unprecedented 79,243.18. Rise 568.93. It also touched an all-time high of 79,396.03, up nearly 722 during the session. In the other hand Nifty crossed 24,000 for the first time. The record is set at 24,044.50.

According to experts, the market rose continuously. Indices are crossing one milestone after another on a bunch of expectations ahead of the budget. They think, now the index will rise more. Several more precedents will be created. But everyone advises, the common small investor should tread carefully in this market. But if you hold the investment for a long period, you will see good profit.

The main reason India’s stock market has soared so far is the improving economy. So the share price is climbing like this. He is highlighting several issues as an example of this. For example, a total of 2,000 companies listed on the NSE made a profit of Rs 4.14 lakh crore in the last January-March quarter. Which is much higher than 3.62 lakh crore in October-December. Advance tax payment rate of companies increased by 21%. Which is an indication of their good income in the current financial year. The total share value of all companies listed on BSE stands at Rs 438.41 lakh crore. Record that too.

This is the pre-budget run of the market. This time, Sensex is eyeing 80,000. He said, “Even though there is a coalition government at the centre, they have come to a stable position. The market will remain this way for now. There is less risk of going down.”

This entry was posted on Saturday, June 29th, 2024 at 4:07 pm and is filed under Finance, Stock Market, Stock Trading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.