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Ahmedabad Business

Sensex & Nifty Hit New Peaks, But Global Cues & Inflation Concerns Cast a Shadow.

by TLAteam January 12, 2024January 13, 2024
written by TLAteam January 12, 2024January 13, 2024
Sensex & Nifty Hit New Peaks, But Global Cues & Inflation Concerns Cast a Shadow.

The Sensex and Nifty reaching new all-time highs is a significant achievement, and it’s great to see the strong performance driven by the IT sector. Here are some of the key takeaways from your statement:

  • Strong market performance: The Sensex jumped over 840 points to close at 72,568, while the Nifty rose by 247 points to settle at 21,894. These are both new record highs for the indices.
  • IT sector leading the charge: Strong earnings reports from Infosys and TCS boosted investor confidence in the IT sector, leading to a significant rally in their stocks. This, in turn, fueled the overall market surge.
  • Investor wealth creation: The rise in the indices translates to a significant increase in investor wealth. This positive sentiment could further boost investment activity and contribute to continued market growth.

Indian markets rocket to record highs! IT giants Infosys and TCS blast off, fueling Sensex and Nifty past 72,500 and 21,800. Investor euphoria erupts as wealth creation surpasses Rs 3 lakh crore. Caution whispers amid the celebrations, with eyes on global cues and inflation worries. But for now, it’s all smiles: bulls charge, bears hibernate! 

Ahmedabad cityAhmedabad newsGujaratGujarat news
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