The stock market reached a new high again. On Friday, the Sensex ended the first day at 82,365.77. Up 231.16 points. However, it jumped 502.42 during trading and touched an all-time high of 82,637.03. This led to the index gaining 1941.09 (2.41%) points for nine consecutive days. Nifty has set a new precedent. 1096.9 (4.54%) has climbed for 12 consecutive days. The day closed 83.95 ahead at 25,235.90. Statistics show that this is the longest consecutive upward run for the NSE index since its inception in 1996.
According to experts, the strong markets of various countries have mainly provided strength to India’s indices. Due to the possibility of interest rate reductions in America, foreign investment companies have started pouring capital into this country again. The country’s mutual funds are also investing a lot of money in shares. Which is pushing the index. Kamal Parekh, chairman of Stewart Securities, said, “There is no logic behind such a sustained rise in Indian indices.
Now the supply of cash is driving the stock market. Which doesn’t allow the index to read at all. Such an overheated market is terrible. Especially for small investors. A large-scale disaster, such as an epidemic, can shock such a market to the point that it can collapse completely. Investors may have to count huge losses. He said, along with the US interest rate decision, the presidential election will also have a big impact on the index.
