Nifty High

Stock Market News: Sensex, Nifty hit record highs today. The Nifty index was seeing short covering for Calls in the range of 25,150-25,200 amid the weekly F&O expiry

The RBI on Friday riased its GDP forecast for the current fiscal to 7 per cent from 6.5 per cent earlier

Rate-cut optimism, recovery in financial stocks snap two-day fall

Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024.

On Friday, the Sensex gained 130 points, or 0.2 per cent, to end the session at 59,462

The 30-share Sensex also gained 250 points, to 32,433, 111-point shy of a new record high

The benchmark Nifty index on Thursday posted its biggest single-day since May 25 to close decisively above the psychologically-important 10,000 level. The gains were led by a near four per cent rally in index heavyweight Reliance Industries, which closed at a new lifetime high. The 30-share Sensex gained 348 points, or 1.1 per cent to close at 32,182, after climbing to 32,210 during intra-day. The Nifty closed at 10,096, less than 60 points, or 0.6 per cent shy of a new record high. The gains were also supported by positive global cues with the US equities closing at new record high and Japanese market recorded their highest level in two decades.Nifty had hit a lifetime high of 10,153 on September 18 following which the index had come off four per cent amid concerns over slowing economic growth and global risk-off due to US Federal Reserve's decision to shrink its balance sheet. The rebound in the market has been on the back of strong buying by domestic mutual funds even as overseas .

There is no upside target that can be stated confidently since we're in an entirely new zone