Finance Desk – On Monday, India’s main stock markets, the Sensex and the Nifty, reached new highest points thanks to good performances in other parts of the world’s markets.
By 10:00 AM, the Sensex had gone up by 270 points to 84,815. The Nifty also rose, up by 115 points to 25,906.
These gains continue from last Friday when both the Sensex and the Nifty grew by about 1%. The Sensex ended the day up 1,360 points at 84,544.31, and the Nifty reached a new high before ending the day at 25,791, up 375 points.
Jatin Gedia from Sharekhan explained that the Nifty has been stable and suggested that any rise should be seen as a chance to sell, aiming for lower targets.
Global Markets Overview
In Asia, the stock markets started mixed. Australia’s market opened up, South Korea’s market slightly fell, and Japan’s market was closed for a holiday.
In the US, the stock markets ended last week close to their highest points ever. The Dow Jones went up a little, but the S&P 500 and Nasdaq both fell slightly.
Investors are expecting that interest rates will be cut soon, with many thinking a cut could happen in November.
( Image/Pixabay)
