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Mumbai: Stock markets started the new fiscal on a high with the sensex and Nifty scaling fresh peaks in intra-day trade before settling in the green on Monday, backed by firm trends in Asian markets and foreign fund inflows.
Extending its winning momentum to the third day in a row, the sensex jumped 363 points to settle at 74,015. During the day, it zoomed 603 points to hit its record intra-day high of 74,255.Nifty climbed 135 points to 22,462. During the day, it jumped 203 points to hit the all-time peak of 22,530.
“The Indian market boarded on a strong trajectory at the onset of the new financial year, with indications pointing towards a continuation of this favourable momentum, in the near term. This confidence is supported by a global rally in expectation of a Fed rate cut in June,” Vinod Nair of Geojit Financial said. Agencies
Extending its winning momentum to the third day in a row, the sensex jumped 363 points to settle at 74,015. During the day, it zoomed 603 points to hit its record intra-day high of 74,255.Nifty climbed 135 points to 22,462. During the day, it jumped 203 points to hit the all-time peak of 22,530.
“The Indian market boarded on a strong trajectory at the onset of the new financial year, with indications pointing towards a continuation of this favourable momentum, in the near term. This confidence is supported by a global rally in expectation of a Fed rate cut in June,” Vinod Nair of Geojit Financial said. Agencies
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