Nifty Marks New All-Time-High At Rs 20,000, Will Sustain or Fall Again? Detailed Analysis

Nifty has shown superb growth in the last three months. It recently crossed the 20,000 mark in the share market. The Nifty 50 is currently at 20,096.60 while the Nifty 100 is at 20,136.20. The last time the mark was achieved was in the month of September. We will share details about Nifty 100 and Nifty 50 growth and BSE Sensex’s current growth in the article. There are other index gains as well. Companies like Tech Mahindra, Reliance Industries, and HDFC Bank have outperformed in the current quarter.

Nifty Marks New All-Time-High At Rs 20,000, Will Sustain or Fall Again? Detailed Analysis

Nifty Marks New All-Time-High At Rs 20,000, Detailed Analysis

Nifty was up 20,000 on 15 September 2023 for the last time. It fell below 19,000 in the last month. However, it has shown tremendous growth on Wednesday 29 November 2023. It has grown 7.85% in the last six months. While its mere one-day growth was 1.04%. The market opened at 9:15 a.m. with Nifty 50 being valued at Rs. 19.976.55. It touched Rs. 20,097.05 on the market close at 3:30 p.m.

If we talk about Nifty 100, it has also shown a growth of 0.99% in a single day with +197.80 points. Nifty 100 has grown around 8.74% in the last six months with +1,619.25 points. The all-time high of Nifty 50 is Rs. 20,222.45 with an all-time high of today at Rs. 20,101.80. It was quite close to setting a new bar. On the other hand, Nifty 100 had a 52-week all-time high of Rs. 20,144.60 with Wednesday’s all-time high of Rs. 20,142.35.

Sensex has also shown 1.10% growth on Wednesday with its current value at Rs. 66,901.91. It reached Rs. 66,941.31 on Wednesday. Its 52-week all-time high is Rs. 67,927.23. Governor Christopher Waller has shared a positive review of the Indian economy mentioning his belief to take inflation down to 2%.

Nifty and Sensex represent the Indian economy and its growth. Several companies like HDFC Bank, Tech Mahindra, and Wipro of Nifty 50 have witnessed a growth of up to 2% in their shares. Reliance Industries is also a leading player in the economy. Russia’s Ukraine War impacted the prices of Crude oil as well. However, it has also impacted the market a lot. The price of Crude oil has recently fallen leading to the growth of Nifty and Sensex. The estimations are that Nifty can cross the all-time high records and set a new bar. We hope you get enough details about Nifty and its upsurge. Stay tuned for more information.

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