‘EverySoul Is In Itself Absolutely Omniscient&Blissful. The Bliss doesn’t Come From the Outside’ — Mahavira .
India’s financial markets – NSE, BSE, Commodity Markets, Currency, Bond – will remain closed today on the reverence of Mahavir Jayanti. Markets will start again on Thursday.
Sensex & Nifty scaled to fresh record highs on Tuesday on the back of various parameters which include strong monsoon outlook/forecast, earnings optimism, and positive trade data.
Having hit a fresh all-time high of 39,364-mark, the Sensex closed neat 370 points higher to hit an excellent closing high of 39,276. The Nifty50 surged to a fresh record peak of 11,810.95, and closed at its highest ever close of 11,787.15. The rupee closed at 69.61 per USD on Tuesday and the ten-year benchmark bond-yield ended at 7.54pc.
Monsoon forecast optimize the stocks: Investors’ out got further boost from prediction of a near-normal monsoon and a strong start of corporate earnings season. Earlier this week, the climate department predicted a near-normal monsoon for April-Sept course, whereas in contrast the private weather forecaster Skymet had predicted below normal rain during the monsoon term.