Sensex climbed 348 points to 84,647.88, while Nifty gained 96 points to 25,907.60 in early trade. Key sectors like IT, banking, and FMCG led the surge.
The upward movement in the market was driven by positive investor sentiment, strong global cues, and buying interest in key sectors such as IT, banking, and energy. Analysts attributed the surge to favourable economic data and robust corporate earnings, which have bolstered market confidence.
Positive cues from global markets and sustained buying in select heavyweight stocks contributed to the early gains. Key sectors including IT, financials, and energy showed strength, bolstering overall market sentiment.
The early gains indicate continued momentum in the markets, with both major indices showing strong upward trends as trading progresses.
The sudden downturn in the market sent shockwaves throughout the investor community, as concerns over various economic factors, including inflation and geopolitical tensions, fueled uncertainty and contributed to the sell-off.
The bearish trend in the market reflects the prevailing economic dynamics and investor sentiments.
Global brokerage firm Morgan Stanley expects Sensex to touch 37,500 by 2018-end, and a best-case scenario analysis suggests it could go well beyond this estimate.
New Delhi, June 29: In a bid to ramp up investor sentiment, Prime Minister Manmohan Singh on Friday set an investment target of Rs 1.15 lakh crore in PPP (public private partnership) projects across infrastructure
Top News
Latest News
