Sensex, Nifty create new all time high
The stock market again reached all-time high today i.e. Thursday (14 December). During trading, Sensex made an all-time high of 70,602.89 and Nifty made an all-time high of 21,210.90.
However, later it came down slightly and the Sensex closed at the level of 70,514 with a gain of 929 points. There was also a rise of 256 points in Nifty. It closed at the level of 21,182.
Out of 30 Sensex stocks, 23 were in the green while 7 declined. The biggest rise was seen in IT and banking shares. Infosys rose 3.93% and Tech Mahindra rose 3.67%.
Top reasons for bull run in market
- Due to fall in crude oil prices.
- Foreign investors are increasing investment in the Indian market.
- The market has also been strengthened by the increase in India’s forex reserves.
- The Fed has not increased interest rates for the third consecutive time.
Market has gained more than 15% so far this year
At the beginning of this year i.e. on January 2 (the market was closed on January 1), the Sensex was at the level of 61,167, which has now reached 70,514 points on December 14. That is, so far this year it has seen a rise of more than 15% i.e. 9,347 points. According to experts, this rise may continue in future also.
There was a rise in American markets
On Wednesday, the Dow Jones Industrial Average rose 1.4% and rose 512 points to reach an all-time high of 37,090. The S&P 500 also rose 1.37% (63 points). Nasdaq also rose by 201 points (1.38%).
The Federal Reserve has not made any changes in interest rates for the third consecutive time. On Wednesday, the Fed kept the policy rates unchanged in the range of 5.25%-5.5%, in line with market expectations. It was also indicated that three rate cuts will be seen from 2024.
