Nifty crosses 25000 level, creates new all time high
The bullish trend in the stock market continues and today Nifty and Sensex opened at a record high. Nifty crossed the level of 25000 for the first time. At the same time, Sensex crossed 82000. Buying was seen in almost all sectors of the market. Maruti shares saw great buying enthusiasm in the market. After presenting excellent quarterly results on Wednesday, Maruti shares have climbed up to 4 percent.
Nifty gainers and losers
Nifty 50’s top gainers are Maruti, JSW Steel, Hindalco, Coal India and Power Grid. At the same time, M&M, Heromoto, Infosys and BPCL ended in the red.
A major reason for the rise in other markets around the world including India has been the US Federal Reserve’s stance on interest rates. The US Federal Bank has kept interest rates stable but Fed Chairman Jerome Powell has indicated that he may start cutting interest rates from September. After this, the US markets closed with a good gain.
