Nifty hits lifetime high, F&O rollovers signal momentum
Hindustan Times|December 02, 2023
Stellar growth in the second quarter and positive cues from state exit polls lifted the Nifty to a new record on Friday, while the Sensex came within kissing distance of its alltime high.
Ram Sahgal
Nifty hits lifetime high, F&O rollovers signal momentum

The Nifty hit a record 20,291.55 during the day, before slipping somewhat to close at an all-time high of 20,267.90, up 0.67% from its previous close.

The Sensex rose 0.74% but missed hitting its all-time high, closing at a 10-week high of 67,481.19.

Analysts expect the momentum to continue with demand outstripping supply, as witnessed last week when five public share sales to raise ₹7,378 crore attracted bids worth a whopping ₹2.6 lakh crore.

The Indian economy expanded 7.6% second Thursday's data. quarter, showed, beating expectations by a wide margin.

Meanwhile, exit polls for assembly elections suggested the Bharatiya Janata Party (BJP) might win Rajasthan and put up a strong fight in Madhya Pradesh.

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