Sensex Open: According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market surge might push the Sensex up to 80,000. Shares of Bharti Airtel, Reliance Industries, and significant private sector banks have a significant impact on the market boom.
Sensex Open: On Friday, June 28, 2024, early trading in the latest trading session saw the domestic stock market open at a new peak amid the optimistic trend in global markets. The primary sensitive index of the Bombay Stock Exchange (BSE), the Sensex, surged 243.15 points at the start of trading and reached an all-time high of 79,486.33 points. The Nifty of the National Stock Exchange (NSE) also began trading, increasing by 74.2 points to 24,118.7 points. The Sensex surged 568.93 points at the end of trade on Thursday, closing at 79,243.10 points, marking the first time it had crossed 79,000 points. Concurrently, the Nifty experienced a gain of 175.70 points, culminating in a record 24,044.50 points.
The Sensex will shortly hit the 80,000 mark.
According to VK Vijaykumar, Chief Investment Strategist at Geojit Financial Services, the Sensex could reach 80,000 as a result of the market surge. Major private sector banks, Bharti Airtel, and Reliance Industries' stock all have a significant impact on the market boom. The market, however, is subject to correction at any time because it is in the
domestic institutional investors (DIIs) are profiting from the overbought zone. Remarkably, in the tug-of-war between DIIs and FIIs, foreign institutional investors (DIIs) have won every time this has transpired during the past three years. Although the market is still not in the bubble valuation zone, high valuations are nonetheless cause for concern.
significant increase in these companies' stock
Companies including Punjab National Bank, SAIL, Canara Bank, IGL, Dr. Reddy's Labs, BHEL, Bandhan Bank, RBL Bank, State Bank of India, Dr. Lal Path Lab, ONGC, and NTPC have seen a significant increase in share prices during the early trading of the domestic stock market. Conversely, GMR Airports, Vodafone Idea, IndusInd Bank, HCL Technology, Kotak Mahindra, and Mahindra & Mahindra are among the corporations whose shares have softened.
How are the markets in Asia doing?
In terms of global markets, the Nikkei in Japan, the Hang Seng in Hong Kong, the Kospi in South Korea, and the Shanghai Composite in China are all showing signs of strength. America's Dow Jones ended the day on Thursday up 97.50 points, or 0.40 percent. Gold has decreased by 0.31 percent to $2320 per ounce on the global market, while it has increased by Rs 134 to reach Rs 71,438 per 10 grams on the Multi Commodity Exchange (MCX). Concurrently, on the international market, crude oil saw a 0.55 percent increase to $ 82.19 per barrel, while Brent crude saw a 0.88 percent decline to $ 85.63 per barrel.
Sensex Open: According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market surge might push the Sensex up to 80,000 pic.twitter.com/TOir4boUdN
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