So the share market has budged over and above its previous record and has crossed the 31000 mark for the first time in the history of Bombay Stock Exchange (BSE), thanks to the healthy metal buyers, automobile stocks and a stronger Rupee.
The share market opened today morning with a flung-fresh-mood with the all-time high 30,883.89 and bullish momentum continued after Sensex clocked in and raced towards an intra-day all-time-high score of 31,034.30 and on the other hand, Nifty aiming for 9600. Both the indices have flung as a result of strong buying and strong appreciation against the US dollar. Apart from the stronger rupee, metal trade and crude trading by aviation sector has led to the high-score.
A higher rollover is typically a bullish sign and means investors expect gains to continue. The metals rally boosted stocks such as Tata Steel, Hindalco, BHEL. And apart from that, other top gainers include Asian Paint, Bharti Airtel, ITC Ltd, Lupin, Adani Ports, Wipro, Coal India, PowerGrid, Maruti Suzuki, Tata Motors and Hero MotoCorp.
The benchmark BSE Sensex has risen nearly 26 per cent since the BJP—led NDA government came to power in May 2014. And some say that the bullish stock market saluted Modi government’s third anniversary by bursting the record. And it was definitely a treat for the stockers and the brokers.