The Nifty Reaches New Heights of 21,595 With Bank Stocks Leading
On Wednesday, the Nifty reached a new high of 21,595.10 as investors continued to be upbeat about the performance of the share market and anticipated significant gains by year’s end. Today’s charts are dominated by banking companies, with significant advances reported by Infosys, HDFC Bank, and Reliance Industries Ltd.
Just one week before, the 50-stock index had exceeded 21,500 as the markets continued to rise steadily for many weeks. Sensex, another important stock benchmark in the nation, reached its greatest level of the day at 71,849 around this time, but it was not able to surpass its lifetime high of 71,910.
Nifty, which finished at 21,450 yesterday, was predicted to start higher, supported by the US Federal Reserve’s interest rate reduction as well as increases in its Asian rivals.
