Sensex at new high, Nifty nears 25K; 5 reasons why stock market is rising today
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The BSE Sensex hit a fresh record high of 81,722.13 level; Nifty 50 hit a high of 24,980.45. The soft landing scenario for the US economy and expectations of a rate cut by the Fed in September are intact. The quarterly results of ICICI Bank, Punjab National Bank, and Bandhan Bank came in better-than-expected. The undercurrent of this bull market has turned stronger on positive global cues. The decline in the US 10-year bond yield and Brent crude price are other global supporting factors. FPI investment in June stood at Rs 33,688 crore. Traders should continue with the current momentum and trail their stop losses higher. The major positive last week was the remarkable performance of mid-cap and small-cap stocks. Business Today provides stock market news for informational purposes only.
#StockMarket #Sensex #Nifty #RateCut #UsEconomy #IciciBank #PunjabNationalBank #BandhanBank #GlobalCues #FpiInvestment #MidcapStocks #SmallcapStocks
https://www.businesstoday.in/markets/story/sensex-at-new-high-nifty-nears-25k-5-reasons-why-stock-market-is-rising-today-439203-2024-07-29
Business Today /
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2024-07-29 04:24:03
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npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-07-29 04:24:03Event JSON
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"content": "Sensex at new high, Nifty nears 25K; 5 reasons why stock market is rising today\n==========\n\nThe BSE Sensex hit a fresh record high of 81,722.13 level; Nifty 50 hit a high of 24,980.45. The soft landing scenario for the US economy and expectations of a rate cut by the Fed in September are intact. The quarterly results of ICICI Bank, Punjab National Bank, and Bandhan Bank came in better-than-expected. The undercurrent of this bull market has turned stronger on positive global cues. The decline in the US 10-year bond yield and Brent crude price are other global supporting factors. FPI investment in June stood at Rs 33,688 crore. Traders should continue with the current momentum and trail their stop losses higher. The major positive last week was the remarkable performance of mid-cap and small-cap stocks. Business Today provides stock market news for informational purposes only.\n\n#StockMarket #Sensex #Nifty #RateCut #UsEconomy #IciciBank #PunjabNationalBank #BandhanBank #GlobalCues #FpiInvestment #MidcapStocks #SmallcapStocks\n\nhttps://www.businesstoday.in/markets/story/sensex-at-new-high-nifty-nears-25k-5-reasons-why-stock-market-is-rising-today-439203-2024-07-29",
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