It touched 20,000 for the first time on September 11 last year and took 221 trading days to hit 25,000.
Analysts believe that while the last 5,000-point rally was led by gains in auto, metal and oil marketing companies (OMCs), the next such rally that can take the index to the 30,000 mark will be led by sectors that have not participated much till now (banking is one).
"Banking, financial services and insurance (BFSI), information technology (IT), oil and gas, and auto sectors are key if the Nifty50 is to cross the 30,000 mark. Smaller sectors and the ones that already did well in the recent past can chip in, but (they) do not have enough power in them alone to do all the heavy lifting. Foreign flows will also matter, which should return with a greater force in the months ahead," said UR Bhat, co-founder and director at Alphaniti Fintech.
Denne historien er fra August 02, 2024-utgaven av Business Standard.
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Denne historien er fra August 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Avoid partial payout: Buy health cover with fewer sub-limits
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A fine balance
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