In a historic milestone for Indian markets, the BSE Sensex breached the 84,000 mark for the first time, while the NSE Nifty ended above 25,600, marking a strong close to a bullish session on Friday.
Market Highlights
Sensex closed at 84,123, up 500+ points
Nifty settled at 25,609, gaining over 150 points
Major support from banking, auto, and IT stocks
Positive sentiment fueled by global market optimism and domestic liquidity
Key Gainers
Top contributors to the rally included:
HDFC Bank, Infosys, Maruti Suzuki, Reliance Industries
ITC and Bajaj Finance also saw strong buying interest
Midcap and smallcap indices mirrored the rally with broad-based participation
What’s Driving the Rally?
Strong FII inflows and robust Q1 outlooks
Optimism around India’s economic growth forecast
Continued RBI stability and moderate inflation expectations
Positive cues from US and Asian markets
Expert View
Market analysts see this as a structural rally, not just sentiment-driven:
“The rally reflects India’s long-term growth story and sustained investor confidence,” said a senior market strategist.
Caution remains around:
Global interest rate trends
Geopolitical developments
Upcoming earnings season performance
FAQs
Q: Why did Sensex cross 84,000?
A: Strong performance in key sectors like banking and IT, along with global cues and investor confidence, pushed the index to record highs.
Q: Which sectors performed the best?
A: Banking, auto, and information technology led the market surge.
Q: Is this rally expected to sustain?
A: Experts believe it has structural support, but advise monitoring global signals and earnings season.
Q: What should investors do now?
A: Stay diversified and avoid herd mentality; corrections may offer good entry points.
published on 28th june
Publisher : SMITA
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