Bull run goes on! Nifty hits 11,000, Sensex 36,000 for first time ever
In early trade, the Sensex gained as much as 192 points to 35990, while the broader Nifty50 added 56 points to touch its fresh peak of 11,023
The benchmark indices hit fresh highs on Tuesday with the Nifty50 moving past 11,000 for the first time tracking positive trend in global markets after Asian markets advanced as US senators struck a deal to end a three-day government shutdown, sending Wall Street’s main indexes to record highs and keeping the dollar well supported.
Back home, International Monetary Fund (IMF) forecast India to grow 7.4 per cent in FY19 against 6.7 per cent this year, gaining pace to 7.8 per cent in FY20, in its January update of the World Economic Outlook: Brighter Prospects, Optimistic Markets, Challenges Ahead that was released simultaneously in Davos and Washington.
At 9:19 am, the S&P BSE Sensex was trading at 35,868, up 70 points, while the Nifty50 was ruling at 10,997, up 31 points.
In early trade, the Sensex gained as much as 192 points to 35990, while the broader Nifty50 added 56 points to touch its fresh peak of 11,023.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap advanced up to 0.7 per cent.
Meanwhile, volatility index India VIX hits its fifth week high, up over 4 per cent.
Overseas, Asian markets were trading higher. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent to a fresh record peak.
Australian stocks climbed 0.7 per cent and South Korea's KOSPI added 0.5 per cent. Japan's Nikkei was 0.45 per cent higher.
On Wall Street, The Dow Jones Industrial Average rose 142.88 points, or 0.55 per cent, to 26,214.6, the S&P 500 gained 22.67 points, or 0.81 per cent, to 2,832.97 and the Nasdaq Composite added 71.65 points, or 0.98 per cent, to 7,408.03.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Liquor stock under Rs 300: Can this smallcap scrip double your money in 1-2 years? Check targets by Anil Singhvi
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
09:32 AM IST