Sensex scales Mount 57000 surges over 9 pc in August
New Delhi Aug 31 PTI The BSE benchmark index Sensex has soared over 9 per cent this month to scale the 57000-mark for the first time on Tuesday as the bull run continues in the equity market The blue chip index reached an all-time intraday high of 5762526 on Tuesday the last trading session of August a month that has seen the stock market making many new records The 30-share index closed with a gain of 66263 points or 116 per cent at 5755239 its record close Reflecting the strong stock market sentiments despite lingering worries over possible tapering by the US Federal Reserve the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2500208401 crore at the close of trade on Tuesday Led by bulls domestic indices breached record highs amid broad-based buying due to continuation of Feds dovish policy and the expected release of domestic GDP data said Vinod Nair Head of Research at Geojit Financial Services This is the fourth day of rally in the equity market during which the BSE benchmark has jumped 160818 points or 287 per cent Earlier on August 4 for the first time the Sensex sailed past 54000 points both at intra-day and closing levels After nine days on August 13 the index crossed the 55000 mark and also closed above this level The next 1000 points-level was scaled in less than a weeks time as the benchmark climbed the 56000-peak for the first time in intra-day trade on August 18 Then on August 27 it closed above the 56000-mark for the first time Both Nifty and Sensex touched the mark of 17000 and 57500 respectively making their new lifetime highs The rally is expected to continue unless there is any change in global cues Rahul Sharma Co-Founder Equity99 said PTI SUM RAM DRR DRR
New Delhi Aug 31 PTI The BSE benchmark index Sensex has soared over 9 per cent this month to scale the 57000-mark for the first time on Tuesday as the bull run continues in the equity market The blue chip index reached an all-time intraday high of 5762526 on Tuesday the last trading session of August a month that has seen the stock market making many new records The 30-share index closed with a gain of 66263 points or 116 per cent at 5755239 its record close Reflecting the strong stock market sentiments despite lingering worries over possible tapering by the US Federal Reserve the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2500208401 crore at the close of trade on Tuesday Led by bulls domestic indices breached record highs amid broad-based buying due to continuation of Feds dovish policy and the expected release of domestic GDP data said Vinod Nair Head of Research at Geojit Financial Services This is the fourth day of rally in the equity market during which the BSE benchmark has jumped 160818 points or 287 per cent Earlier on August 4 for the first time the Sensex sailed past 54000 points both at intra-day and closing levels After nine days on August 13 the index crossed the 55000 mark and also closed above this level The next 1000 points-level was scaled in less than a weeks time as the benchmark climbed the 56000-peak for the first time in intra-day trade on August 18 Then on August 27 it closed above the 56000-mark for the first time Both Nifty and Sensex touched the mark of 17000 and 57500 respectively making their new lifetime highs The rally is expected to continue unless there is any change in global cues Rahul Sharma Co-Founder Equity99 said PTI SUM RAM DRR DRR
