2023-12-08 14:27:00
Stock market ended with a bang as Sensex surged by 300 points, reaching a new high. The Nifty also witnessed a significant increase, marking a remarkable day for the Indian stock market.
The latest surge has left investors and analysts wondering when the Sensex will touch 75,000 points, as it continues to push boundaries and reach new milestones.
This soaring performance comes at a time when sectors such as technology, pharmaceuticals, and banking are being closely watched for their potential to drive the market even higher.
However, amid the optimism, the Reserve Bank of India’s fiscal policy echoes a different sentiment. According to reports, the central bank has expressed concerns about the sustainability of the current market levels, adding a note of caution to the otherwise buoyant atmosphere.
This comes in the wake of a recent market crash, as the RBI’s warnings seem to have had an impact on the market sentiment, leading to a downward turn.
Despite this setback, the market has shown resilience, with daily stocks witnessing a 3rd day of upswing. While the Sensex has hit new highs, the volatility in the market continues to keep investors on their toes.
As the market’s performance remains unpredictable, investors are advised to stay cautious and keep a close watch on the developments in the coming days.
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