Sensex and Nifty50 touched record highs again in the first trading session of December. On Monday, Nifty50 rose 120 points or 0.46 percent immediately after market opening. Due to this rise, the National Stock Exchange reached 26,326 points. Sensex rose 0.41 percent to reach 86,159 points.
In September 2024, Nifty50 had reached 26,277 points. At that time, Sensex had reached 85,978 points. But since then, the country's stock market has faced a deep fall. Both benchmark indices fell significantly from this level. However, the stock market has gradually recovered this year.
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After almost 14 months, last Thursday (November 27), Sensex and Nifty50 surpassed last year's highest levels. Last Thursday, Nifty50 touched 26,310 points, and Sensex also crossed the 86,000-point mark. But this rise did not sustain until market closure that day. As a result, Sensex and Nifty50 remained below record levels. But on Monday, as soon as the market opened, both benchmark indices reached new record highs again.
Whether this rise sustains until market closure will be watched by investors and experts alike.
Market analysts say the GDP-related report has played a major role behind this market rise. The GDP growth rate report for the second quarter of the current financial year was published on Saturday.
According to that report, the country's economy grew at a rate of 8.2 percent between July and September this year. This growth rate has exceeded estimates by various organisations. Experts say this report has played a major role behind Monday's market rise.
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