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Indices Hit Record High As Mkt Sees Political Stability
The New Indian Express
|May 24, 2024
RBI's ₹2.11 lakh cr dividend to Centre and the market expectation of a majority govt help push up indices
BRUSHING aside general election 2024 outcome-related jitters, domestic equity market made stellar gains on Thursday. Benchmark indexes BSE Sensex and NSE Nifty -- closed the session with a gain of more than 1.6% each after hitting fresh peak levels. Nifty50, which almost touched the 23,000 level, closed the session at 22,967.65, up 1.63%. It hits a fresh high of 22,963.60 on Thursday. The 30-share Sensex hit a high of 75,500 before settling at 75,418, up 1.61%.
"The Nifty hitting a new record is the market's message of political stability after the elections. The rally is healthy since it is led by fairly valued large-caps," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
This story is from the May 24, 2024 edition of The New Indian Express.
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