17 July, New Delhi: The week began on a strong one for Indian stock indexes, and they continued to trade that way on Monday. The major indexes set new records once again.
Both the Sensei and the Nifty finished the day up 0.8%, at 66,589.93 and 19,711.45 respectively. In today’s early trading, the Sensex reached a new all-time high of 66,656.21 points. The Nifty bank, financial services, media, public sector banking, and private banking indexes all saw increases.
“The rapid rise in the banking index following a break in the IT pack supports our optimistic perspective, and we expect Nifty to gradually inch towards a new milestone, the 20,000 mark. Ajit Mishra, SVP – of Technical Research at Religare Broking, advised traders to keep their attention on stock selection based on the sectoral trend and to hunt for buying opportunities on dips.