The Sensex and Nifty all-time highs on June 30, 2023, at 64,597.90 and 19,160.10, respectively. Since November 2021, the Indian stock market hadn’t experienced conditions this high, therefore this was a crucial turning point. Several variables, such as robust profitable growth, improving commercial profitability, and encouraging global cues, helped to fuel the surge.
SENSEX and NIFTY all-time high
The Indian economy expanded at an impressive rate of 8.7 percent in the period ending in March 2023, and it is expected that commercial earnings would increase by double digits in the current fiscal year. Major indicators in the US and Europe have reached historic highs in recent months, but stock markets worldwide have been on the down. Given that investors have been looking for opportunities to invest in developing markets, this has supported the demand for Indian stocks.
The all-time highs of the Sensex and Nifty are encouraging for the Indian stock market. It demonstrates that investors have faith in the Indian economy’s future and think the stock market is a smart place to invest. It’s crucial to keep in mind, though, that the stock market is a risky asset class, and its success is not always predicted. Before investing in any company or index, investors should always conduct due diligence.
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