Key Points
The Sensex surged over 900 points in early trade to cross 70,400, while the Nifty 50 hit a fresh record high..
It turned out to be a good day at the office for Dalal Street investors as domestic markets surged to new record highs, with the S&P BSE Sensex gaining 900 points to reach over 70,400, and the Nifty50 rising 251 points to cross 21,100...
This upbeat speech pushed the US market higher, with the Dow up over 500 points and the S&P 500 up 1.21 per cent...
This global positive cue, combined with robust FII purchasing in the Indian market, will drive the Nifty to new highs, and we urge traders and investors to maintain their long positions with a trailing stop loss of 20,850, he added...
Another factor that has supported todays rally in the domestic stock market is a drop in the US dollar index, leading to increased Foreign Institutional Investment (FII) in India..
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