On Monday, the domestic stock markets continue their upward trajectory, with the Sensex surpassing the 73,000 mark and the Nifty achieving the significant milestone of 22,000 for the first time.
The 30-share BSE Sensex exhibited a gain of 481 points, or 0.7%, as it opened at a new record of 73,049.87 on Monday. During early morning trading, it reached 73,108.31, reflecting an increase of 539.86. Simultaneously, the Nifty 50 showed a trading value of 22,023.85, marking a rise of 128 points, or 0.6%. The opening figure for Nifty 50 stood at 22,053.15, establishing a new all-time high in contrast to the previous day’s closing value of 21,894.55.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The market’s rally, initially driven by momentum, is now receiving support from fundamentals. The notable surge in large-cap IT stocks, propelled by slightly optimistic management remarks, suggests that a previously underperforming segment might exhibit positive surprises amid indications of a sectoral turnaround.”
