Key Highlights: 

  • Nifty crossed 10,010.55-mark before retreating 
  • Metal, PSU Bank, NBFC and Realty sectors top gainers on Nifty
  • Nifty outperforms Sensex and global peers

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The 51-scrip NSE Nifty touched a new milestone in the crossing 10,000-level on Tuesday. However, it later ended flat at 9,964.55.

Nitasha Shankar, Sr. VP and Head of Research, Yes Securities on Nifty at 10,000 said, “The markets have crossed a sentimental barrier of 10,000 which is a phenomenal feat in itself. The spectacular run-up in stock prices over the past few years goes on to re-affirm the India shining story which in turn is driven by macro-economic condition and fundamentals of the country.”

While Kunj Bansal - Executive Director & CIO – Equity, Centrum Wealth Management Ltd said, “It’s a great feeling to see the 10,000 mark being breached in trade. Now that the psychological number is achieved, the markets sustaining at these levels would create a solid base the next leg higher.”

With this blockbuster performance, Nifty has outperformed Sensex by giving nearly 18% returns in one year as against 15% return from the latter.