Building on the gains collected for the past several weeks, Indian stock indices sensex & nifty settle at record fresh high on Tuesday.
Sensex stands at 80,716.55 points, which increased by 0.1 percent. And Nifty on the other hand stands at 24,613.00 points, which also increased by 0.1 percent.
Even though, the broader indices were marginally higher, but sectoral indices settled at red.
Nifty media recorded the most decline, which stood at 1.03 per cent. The Nifty Reality in contrast, recorded the increase at 1.66 per cent.
But overall Indian stock markets record fresh all-time gains this week. This recent uptrend in the market was primarily fueled by easing of US inflation, stronger performance by IT sector and nil presence of negative market fundamentals.
Most Likely, the market will witness some moves largely specific to stocks this week, amid current earnings season.
The participants of the market have also tolerated high inflation figures recorded in June. Currently, they are also looking at upcoming budget. Which is going to be unveiled on July 23.
This 2024-25, Sensex & Nifty have currently accumulated the returns of 11-13 percent. Tommorrow on Wednesday, the Indian stock market will be closed for Muharram.
