Sensex, Nifty Extend Winning Streak For 5th Day, Wrap Up Week With 4% Gain Fresh foreign fund inflows further boosted investor sentiment. The Sensex touched an intra-day high of 77,042 before settling at 76,906, rising by 557 points. Over the week, the index surged by 3,077.
Sensex and Nifty Extend Winning Streak: A 5-Day Surge!
India’s stock market has wrapped up the week on a high note, with both the Sensex and Nifty extending their winning streak for the fifth consecutive day. Fresh inflows from foreign investors have further bolstered investor sentiment, leading to a positive atmosphere in the trading halls.
Sensex Shatters Records
The BSE Sensex touched an impressive intra-day high of 77,042 before settling at 76,906, marking a notable rise of 557 points. Over the course of the week, the index surged by a staggering 3,077 points, translating to a remarkable 4% gain. This bullish trend showcases the resilience of the Indian equity market, attracting attention from both domestic and international investors.
Nifty Follows Suit
Similarly, the Nifty index mirrored this upward trajectory, reflecting a strong performance that has been the talk of the town. The positive momentum can be attributed to a mix of favorable economic indicators and investor optimism, creating a perfect storm for stock gains.
Investor Sentiment Boosted
The influx of foreign funds has played a pivotal role in enhancing investor sentiment. With global markets showing signs of recovery and economic forecasts appearing more promising, investors are increasingly turning to equities as a viable investment avenue. This sentiment is further fueled by the ongoing reforms and initiatives introduced by the Indian government aimed at stimulating economic growth.
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In conclusion, the Sensex and Nifty’s continued ascent is a clear indication that the market is thriving. With fresh foreign fund inflows and positive investor sentiment, the future looks bright for Indian equities. Don’t miss out on the latest market news—visit Looffers.com today!
