The benchmark Nifty 50 index surpassed the 23,000-mark for the primary time on Friday. After hitting a excessive of 23,026, the index settled at 22,957, down 11 factors, or 0.05 per cent, over its earlier day’s shut. The most recent 1,000-point (4 per cent) up transfer for the Nifty has taken over 4 months (88 buying and selling classes). Beforehand, the index took greater than this for a 1,000-point up transfer was 425 buying and selling days (20 months) when it moved from 18,000 to 19,000 in June 2023. To date in 2024, the Nifty 50 index has gained 6 per cent. The latest good points are attributed to optimism across the re-election of the incumbent authorities led by Prime Minister Narendra Modi and robust flows from home buyers.
First Revealed: Could 24 2024 | 11:56 PM IST
