Markets bullish |
Indian benchmark indices soared high throughout the day including the Nifty touching the 9,400-mark for the first time on May 10, 2017. Markets have gained momentum as shares of consumer goods and agriculture-dependent companies showed confidence after the India Meteorological Department (IMD)`s forecast of a better monsoon rainfall. The NSE Nifty rose to a record high of 9,414.75, crossing its previous milestone recorded on 5 May. As the day ended, the NSE Nifty was pegged at 9,407.30. Today Nifty opened at 9,339.65 and gained 0.97% to reach 9,407.30. Also Bombay Stock Exchange (BSE) gained 1% to touch 30,271.60, its highest ever. The sentiments are fueled by the victory of Emmanuel Macron, a market-friendly centrist, in French elections. Though there are still apprehensions from the North Korean front, but markets performed better considering Indian domestic optimism.
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