Today Stock Market Update: Nifty, Sensex Hit New Highs
During the early hours of Saturday investors activated Indian stock exchanges because they conveyed high levels of confidence regarding the forthcoming Budget speech. At the start of trading both major market indicators named Sensex and Nifty 50 surged significantly upward. The stock market rally provided positive changes during the day as both indices achieved more than one percent increases. The market’s ascent today came from front-running Sun Pharma and Airtel and additional positive movements from major companies.
Aside from high weighted companies such as Sun Pharma and Airtel, Bharat Electronics and NTPC continued to create the lead in Nifty share price gains, but ONGC and Hero Motocorp witnessed selling pressure. Today stock market maintained bullish sentiment as the Nifty Smallcap 250 along with the Midcap 100 gained a percentage of 0.5 percent and 0.3 percent respectively. The foreign investors were seen waiting and hence sold while domestic institutions continued to remain positive.
For example, the upcoming presentation of Finance Minister Nirmala Sitharaman’s budget appears to be followed by the rise in Nifty 50 performance. Favorable conditions for Sensex and the entire stock exchange performance are being established as per the GDP growth range of scenario 2, which is 6.3-6.8% per annum projected by the Economic Survey for FY 2025-26. During the budget session, Fund manager Prashant Khemka of Fort Capital means RBI officials will have big roles in nullifying the Nifty share price performance.
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