RBI has once again not made any change in the interest rates. On the other hand, there is no change in inflation estimates. But the RBI Governor has increased the GDP growth estimate. RBI has made it clear that the GDP of the current financial year can be 7 percent. After which tremendous growth is being seen in the stock market. Sensex is running towards 70 thousand. On the other hand, Nifty has set a new record and has also crossed the level of 21 thousand points. According to experts, if the upward trend continues then Sensex will cross the level of 70 thousand points today itself. Tremendous growth is being seen in steel, tech and banking stocks.
Stock market at new record
The stock market touched a new record on the last trading day of the week. Bombay Stock Exchange’s main index Sensex reached very close to 70 thousand points. During the trading session, Sensex created a new lifetime high by reaching 69,888.33 points. However, at 10:45 am the Sensex is trading at 69,837.11 points with a rise of 315.42 points. If we talk about the month of August, a rise of 2,899.89 points has been seen in the Sensex. If experts are to be believed, the stock market is yet to rise further. If experts are to be believed, by the end of December the Sensex can cross the level of 71 thousand points.
Nifty crosses 21 thousand points
On Friday, Nifty crossed the barrier for which everyone was waiting. Yes, Nifty crossed the level of 21 thousand points. During the trading session, Nifty reached a life time high of 21,006.10 points. At present, at 10:50 am, Nifty was trading at 20,991 points with a rise of 90 points. However, in the month of December, Nifty has seen a rise of 872.95 points. According to experts, by the end of December it may reach the range of 21,200 points.
Which stocks are showing rise?
An increase of 3.42 percent is being seen in the shares of JSWT Steel on the National Stock Exchange. NTPC shares are trading with a rise of 2.34 percent. HCL Tech shares are seeing an increase of 1.58 percent and LTIM shares are seeing an increase of 1.49 percent. Hindalco shares are trading with a rise of 1.33 percent. The share of Reliance Industries is in the green at Rs 2,461. At the same time, a slight decline of Rs 6 is being seen in the shares of TCS. An increase of more than 1.21 percent is being seen in the shares of HDFC Bank.