BUSINESS

Nifty50 opens higher for 7th straight day

By Rishabh Raj

1

Nifty50 nears 21,000 mark

The Nifty50 index nears the crucial 21,000 mark, fueled by India's 7.6% economic growth in the September quarter and BJP's resounding victory in three out of four critical state elections. 

2

NSE Market cap milestone

The market capitalization of NSE-listed companies crossed the $4 trillion mark for the first time after Tuesday's session. 

3

Impressive post-COVID returns

Since the COVID-19 lows of 7,511, the Nifty50 has delivered an astounding 179% return, reaching a new peak of 20,958.65 points. 

4

Large-cap stocks in focus

Experts advise focusing on large-cap stocks as midcap and small cap indices are currently trading at higher valuations. 

5

Factors driving the rally

Large foreign funds inflow due to declining US bond yields, domestic investors' bullishness on strong macroeconomic data, and expectations of longer political stability in India are the driving factors. 

For more Business news click on the link below