Nifty briefly hits 10,000 mark; Bulls party while Bears gain in later trade. Read More

nifty

From 1000 to 10,000, NSE index nifty has been on a golden run for the last two decades. From midcap stocks picking up in trade to large caps crossing fresh highs, Nifty is everything one had wanted.

It started a week ago when Nifty hovered around the 9900 mark. the moment could be tagged as: ” So near, yet so far.” Yesterday Nifty managed to rise upto 9985, just about 15 points away from the big 10,000 mark. Was it a fairy tale for the Nifty to cross the magical 10,000 mark. Well, perhaps not! Here are the key drivers which engendered Nifty to almost rise 10X in 20 years. If this isnt growth, then what is?

Take a look in the major drivers of Nifty’s growth map

Highly Buoyant Markets: The radar of liquidity touched a new high after demonetisation announced by PM Modi on November 8. There was an impressive liquidity which was visible in the rising volumes across the bourses.

FII Attraction

The Indian markets are well known to be FII’s favourite for the moment. From billion dollar FII’s, DII’s investing heavily in the Indian markets to MNC’s foraying into India’s business, there was no stopping for the Nifty to reach newer highs.

Expected RBI rate cut

The Interest rate has remained status quo for the last two quarters. However, after the government reported a declined consumer consumer inflation rate, the market is expecting another major lease of life in the next few sessions of trade. The inflation rate declined to 1.54 per cent in June, which is the lowest in the current index.

Oblivion to GST impact

The GST implementation has not have any considerable effect on the quarter 1 earnings of all major corporates. From HDFC to Reliance posting in earnings, the markets were not sullen after any set of Quarter1 earnings.

From hereon, whether to invest in stocks or to book profit poses as a big question in the Indian investors. Stay tunes for more updates on this soon.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here