BSE may hit 75,000
PrashantNews
Amid the fresh bullish trend in the domestic equity market, the BSE Sensex was heading for phenomenal 75,000 mark after it rose nearly 1000 points in the intraday trading on Friday.
The BSE hit a new lifetime high of 72,721 before closing at 72,568.45 up 847.27 (1.18%) and Nifty closed at 21,894.55 up 247.35 (1.14%)
Experts said maintaining above 6 per cent GDP growth would be a major trigger for the market gain in the coming months. Over 6 per cent growth would be the fastest among major economies in the world and therefore the market expect significant net inflow from the FPIs.
There are very likely chances of BSE touching 75,000 mark in within one or two months time, market experts said.
The market leader Infosys jumped 7.84 percent to close at 1612 and was just nearing to cross 52 week high of 1620 which was made on Feb 9 last year. Tech Mahindra also climbed 4.73 percent to close at 1307.55. ONGC and HCL Tech were among the Nifty gainers.
The experts said the overall sentiments in the market were bullish as there were expectations that India’s strong economic growth may continue in the coming months.