Sensex, Nifty Driven By The Income Of Banks And Metal Stocks, Cleverly Closed At Historical Highs.
The benchmark Indian stock market rose on Tuesday and closed at a record high, driven by gains in banking, financial services and metal stocks.
India’s benchmark stock index rose on Tuesday and closed at a record high, driven by rising banking, financial services and metal stocks. The Sensex index rose to 467 points, and the Nifty 50 index returned to its important psychological level of 16,600 points. One day after the government announced the National Monetization Channel (NMP), investor sentiment turned positive, where the government stated that infrastructure assets worth Rs 6 crore would be monetized in the railway, highway sector and power sector within 4 years.
The Sensex index rose 403 points to close at a record high of 55,959 points, and the Nifty 50 index rose 128 points to close at a record high of 16,625 points.
“From a short-term perspective, it will be crucial for Nifty to stay above 16,600 points. Nifty may gain momentum and reach the level of 16,700 points,” Ashis Biswas, head of technical research at CapitalVia Global Research, told the news media.
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