PrashantNews
Amid the fresh bullish trend in the domestic equity market, the BSE Sensex on Wednesday hit yet another landmark when it hit 80,000 mark for the first time after it rose nearly 500 points in the morning session.
The BSE hit a new lifetime high of 80074.30 and Nifty scaled a new high of 24307.25. On April 9, the Sensex had hit 75,000 mark.
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.
The fresh spurt in the market also came after SEBI sent notice to Hindenburg Research which had rocked the Adani group shares for alleged manipulation. However, Adani Group shares failed to react on these reports.
There are very likely chances of BSE touching one lakh mark in near future, market experts said.”Since the parameters of the Indian economy are robust, we think that the one lakh mark is possible in near future,” said Ashish Barthwal, a market expert.
The market leader Reliance and Infosys have jumped considerably in the past few sessions. Bharati Airtel has also touched a new high of of 1539 on June 28.
The experts said the overall sentiments in the market were bullish as there were expectations that India’s strong economic growth may continue in near future .