Nifty within touching distance of 7000 points!



The 50 stock bench mark index of the Indian stock market has touched an all time high of 6988 today, coming within touching distance of 7,000 points. The Nifty was up bu more than 115 points as soon as the market opened this morning. The last session of the markets, on Friday, too saw hectic activity, as the financial world is expecting a stable government in the elections. As the exit polls will be rolling this evening, the market’s reaction today is an indication of the steady focus market forces are showing on the future course.

The Sensex too rose by over 400 points, touching an all time high of 23,475 points.

HDFC Bank was the major gainer, with over 4%, SBI, BHEL, Coal India, Axis Bank, ICICI, Reliance, BP have gained majorly in today’s session so far. Reliance price grew in the backdrop of it’s arbitration notice on the Center over gas prices.

UPDATE: NIFTY did cross 7000 mark, touched an all time high of 7011 today.

Medaram Jathara

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