Sensex, Nifty, Smallcap, and Midcap Indices Hit All-Time Highs! 🚀

Hey everyone,

Exciting times in the Indian stock market! The Sensex, Nifty, Smallcap, and Midcap indices have reached all-time highs. This surge reflects strong market confidence and a positive economic outlook. For investors, reviewing your portfolios and possibly reap some rewards is a great moment. However, it's also crucial to stay cautious and not get carried away by the euphoria.

Key Highlights:

• Sensex soars above 80,000: The Sensex has breached the 80,000 mark, setting a new record.
• HDFC Bank leads the charge: HDFC Bank has contributed significantly to the market's rise, helping to push indices to their record closing highs.

What are your thoughts on these new highs? Share below!

Thanks for opening this thread, Jaya.

Just now, I logged off from my online trading account.

Indian stock market benchmark indices, Sensex and Nifty 50, opened higher today following positive global market cues.

The trends on Gift Nifty also indicated a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,465 level, a premium of nearly 100 points from the Nifty futures’ previous close.

The Sensex jumped 545.35 points to close at 79,986.80, while the Nifty 50 is higher at 24,286.50.

“Though, this market formation looks like a doji type pattern or a consolidation at new highs, but the underlying trend of the market remains positive. Presently such consolidations or minor dips are eventually resulting in an uptrend continuation pattern. Having reached near to the overhead resistance of around 24,400 levels (1.618% Fibonacci Extension), the market could shift into further consolidations/range bound movement in the short term before showing further upmove in the near term,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

I am happy that you are also interested in the stock market. I follow it daily.
The stock market is indeed a fascinating and dynamic place. Following it gives valuable insights into economic trends and company performance. Do you have any favourite stocks or sectors you keep an eye on? I always find it exciting to discuss market trends and investment strategies.

European markets higher as UK heads to polls; Nifty fails to hold record high, ends flat; expect consolidation going ahead.

The Nifty50 index continued its record rally on July 4 as the index crossed 24,400 for the first time but failed to hold on to the gains, closing near day's low.

The index opened higher at 24,369.95 and touched fresh all-time high of 24,401 in the initial hours and stayed positive throughout the session but last hour selling erased most of the intraday gains to close on flat line.

At close, the Nifty was up 15.70 points or 0.06 percent at 24,302.20.

Among sectors, Information Technologies and Pharma indices rose 1 percent each, while Auto and Realty were up 0.5 percent each. However, the Media index shed 0.4 percent.

Originally posted by: Jayshree

I am happy that you are also interested in the stock market. I follow it daily.
The stock market is indeed a fascinating and dynamic place. Following it gives valuable insights into economic trends and company performance. Do you have any favourite stocks or sectors you keep an eye on? I always find it exciting to discuss market trends and investment strategies.

At first, I used to invest in blue chip stocks such as ITC, Infosys, L&T, Reliance Industries State Bank etc.

Esp Ultratech Cement fetched a treasure for me!! I kept those as bank safe deposit, those are growing and multiplying, which gives a sort of security.

Of course, I lost a few thousands in margin trading, but regained through Future trading!

Saw so many ups and downs, a few slaps in the form of huge losses because of a sudden fall of a certain stock and a few happy moments because of a sudden surge in particular stocks.

Many lessons learnt, esp learned the real value of money, how to respect it, how to pamper it and how to distribute it, share it with needy.

So upset with changes in capital gains tax and period for it.

Today, the stock market was volatile,, and the swing was significant.

Many stocks lost their sheen today. Market thumbs down the budget.