On Monday, the frontline indices, namely the Sensex and the Nifty, concluded with substantial gains. The Nifty reached a fresh record high during the trading session, while the Sensex reclaimed the 67,000 mark, driven by widespread buying activity.
In a historic moment, the Nifty breached the coveted 20,000 mark for the first time, achieving an intraday record high of 20,008.15 on Monday. The Nifty’s previous all-time high of 19,991.85 was recorded on July 20 earlier this year, signifying a new peak attained in just 36 sessions.
Even Gift Nifty Futures also made high of 20,075 today, Check below table to know todays Performance of Gift Nifty.
| As on | Last Price | Change (in %) | Volume |
|---|---|---|---|
| 11-Sep-2023 15:40 | 20,066.50 | +128.5 (0.64%) | 41,685 |
| Previous Close | Open | High | Low |
| 19,938.00 | 19,929.00 | 20,075.00 | 19,912.50 |
The Sensex had achieved its all-time high of 67,619.17 on July 20 this year, and as of now, it stands 492 points away from that milestone.
Market experts had anticipated this fresh high, with sentiment boosted by the recent G20 summit. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that the acceptance of the G20 Delhi Declaration has provided a significant boost to market sentiment, highlighting India’s growing diplomatic influence.
“The G20 Delhi Declaration and India’s diplomatic victory can potentially sustain the positive market sentiment and momentum. Of even greater importance, the inclusion of the African Union in the G20 and the proposed India-Middle East-Europe Corridor have favorable economic and market implications. For example, the African Union’s inclusion in the G20 is positive news for Bharti Airtel, which maintains a significant presence in Africa,” noted Vijayakumar.
Additionally, positive global cues played a role in bolstering sentiment. According to Reuters, “Global shares made gains on Monday, in part due to an increase in risk appetite, and the yen recorded its most significant gain against the dollar in two months after the Bank of Japan’s head hinted at a possible move away from negative interest rates.”
