Nifty 50 Hit All-Time High Detail Discussion..

Nifty 50 Hit All-Time High: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues.

Nifty 50 opened at 22,455, up 128 points against the previous close of 22,326.90 and rose about 2023 points to hit its fresh record high of 22,529.95 during the session. The index finally closed the day at 22,462, up 135 points, or 0.61 per cent.

The overall market capitalisation (mcap) of BSE-listed firms rose to nearly ₹393.2 lakh crore from nearly ₹387 lakh crore in the previous session, making investors richer by nearly ₹6.2 lakh crore in a single session

Why Nifty 50 Hit All-Time High??

As per the aspects Nifty 50 Hit All-Time High Experts point out that the undercurrent of the market is positive due to the strong prospects of the Indian economy. Moreover, expectations of rate cuts starting in the coming months are also underpinning market sentiment. Investors are buying Indian stocks after the recent correction as they remain positive about the Indian stock market for the medium to long term. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services underscored that the undertone of the market is bullish and there is momentum in the market. The brokerage firm expects the index to endure its northbound journey and gradually head towards 22,700 in the coming weeks. For more updates click