Sensex recovers sixty thousand mark

In July Sensex , however they were net buyers, buying a total of Rs 4,989 crore worth of equities. So far in August, they have bought another Rs 22,453 crore worth of equity, the data showed

New Delhi: The benchmark index Sensex touched the psychologically important 60,000 benchmark mark this morning after more than four months. A slight control in inflation — both in the US and in India — will create positive investor sentiment with inflows of foreign funds into the Indian stock market.

At 10.48 am on Tuesday, the Sensex was trading 0.5 percent higher at 60,149 points from the close. The Sensex last touched the 60,000 mark in early April itself.
The latest bull run in Indian stocks has been on a steady upward trajectory for the past five weeks.

Till early July, foreign portfolio investors (FPIs) had been consistently selling equities in the Indian market for the past nine to 10 months due to multiple factors including monetary policy changes in advanced economies, rising dollar demand and higher returns. US bonds. 202,250 crore raised so far in 2022, NSDL data.


In July, however, they led equity purchases totaling Rs 4,989 crore. So far in August, they have bought another Rs 22,453 crore worth of equity.

“Decelerating US inflation, confidence that the Fed will not aggressively raise rates and the current prospect of a soft slowdown in the US economy are supporting this arrangement.

See Also : Investor Billionaire Rakesh Jhunjhunwala Dies at the age of 62

Is Russia war again in Ukraine explosion in Russian base

In India, steadily declining inflation, strong growth momentum in the economy and periodic buying by FIIs are driving the rally,” VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services stated.

The benchmark indices – Sensex and Nifty – rose around 10-11 per cent during the ongoing rally on a bullish basis, thereby managing to recover all the losses they witnessed so far in 2022.

Notably, the ongoing rally has enriched Indian stock investors by about Rs 25 trillion. All India market capitalization as on 11 July 25,319,892 crores. 27,792,290 up to Rs 27,792,290 till last updated on Tuesday, according to Bombay Stock Exchange data.

By 12news World

12news World is a Professional News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of News, with a focus on dependability and Daily News Updates.

Leave a Reply

Your email address will not be published. Required fields are marked *