Today is the highest share rate day of sensex and Nifty stocks. Know the details below; Benchmark stock market indices saw a significant increase in early trading on Monday. Both the S&P BSE Sensex and NSE Nifty50 reached record highs. The Sensex rose to 74,673.84, while the Nifty hit 22,630.90.
Stock market news today
The surge today can be attributed to various factors. These factors are the increase in energy and metal stocks, along with a nearly 2% rise in Reliance Industries Limited shares. Nevertheless, the primary reason for the surge appears to be the positive outlook and excitement surrounding the upcoming Q4 results.
Expert views on this surge
According to Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, “Investor sentiment on Dalal Street remains positive. The reason behind it is because they focus on the anticipation of robust Q4 corporate earnings in India rather than the Fed’s rate-cut plans.” He continued by emphasizing how crucial TCS’s Q4 earnings. These warnings are released on April 12. It will be in guiding the stock market. “TCS’s upcoming Q4 earning season kickoff on April 12 is pivotal, with Nifty holding steady at the 22,121 mark,” Tapse stated. “Geopolitical tensions push oil prices to $87 a barrel, while inflation takes the spotlight with the US CPI release in March,” said Tapse in more detail. India prepares for a greater number of days with temperatures above average this summer. Stock market gurus have also encouraged investors to keep a watch on the shares of companies that manufacture air conditioners, air coolers, and power generators.
