SENSEX AND NIFTY CLOSE AT 62,272.68 and 18,484.10 Thursday evening, record all-time highs
It’s a good news for financial stock market players as Sensex and Nifty jumped record high to close at all time high yesterday evening at 62,272.68 and Nifty at 18,484.20 thus recording a phenomenal rise of 1.24% and 1.19% respectively bringing jubilation in financial stock market circles.
This could become possible after slower US, rate hikes and crude oil becoming cheaper in international markets.
According to latest news this could become possible because the United States federal Reserve’s previous meeting exhibited that majority of the participants went in favour of going slow on hiking the interest rates resulting in tremendously encouraging the stock market sentiments worldwide.
While sectoral indices gained, the Sensex and Nifty recorded a record high closure on Thursday evening with Sensex in the morning hitting a new high of 62,412.33 finally closing down at 62,272.33 and NIFTy closing at 18,484.10 just a few points away from its record high of 18,604.45.
According to the macro news the economy in India is resilient and a climate of positive investment is gaining ground with latest RBI data indicating the credit growth at 17% on year to year basis, a good sign for future banking prosperity and for capital goods stock as well.
There is also encouraging news about crude prices coming down at international level in view of G7 countries putting a price cap on Russian Oil and when crude oil inventories in US, rose above analysts expectations.
According to latest news the Brent oil has now reduced from 84-85$ a barrel, lowest since the last ten months since January.
