Indian Stock Markets Scale New Peaks

  • Indian stock markets kicked off the new financial year (FY25) on a historic note.
  • Both benchmark indices, the Sensex and Nifty, reached record highs on the first trading day (April 1st, 2024).
  • The Sensex crossed the 74,250 mark intraday, while the Nifty surpassed 22,500 points.
  • This bullish start follows strong gains in FY24, with the Nifty 50 rising nearly 29% and the Sensex adding 25%.
  • Analysts attribute the positive sentiment to factors like:
    • Optimistic economic growth projections.
    • Potential for a revaluation of Indian companies in specific sectors.

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