It looks as if it’s not the BJP who’s rejoicing PM Modi’s successful completion of 3 years. The optimistic global cues bolstered the spirits at the Centre today as the BSE Sensex ditched the 31,000 mark ever, whereas the Nifty reached the 9600 mark, thus creating history.
Today on 26 May, the Indian Share Market touched a new high and for the first time, the Sensex breached the 31,000 mark while the Nifty went beyond the 9600 mark.
As a matter of fact, the trade market was closed on good highs on Thursday and had made a breakthrough by crossing 30,768 points; however, it took just one day to break the record. As per the market experts, due to the high purchase of large-cap shares, the market is already witnessing a different high altogether.
Aside of this, the forecast of an early monsoon is already puffing bullish responses, thus sending new waves of positivity in the share market too. As a result, the purchase of banking, realty, oil and gas, consumer and durables, capital goods and shares of power companies, the market is seeing a good leap. Aside of the purchase of large-cap shares, small-cap and mid-cap shares saw a good amount of purchases too.