On Wednesday, the market extended the rally in the afternoon trade, since the BSE Sensex hit 266.34 points high at 35,037.39 and the 50-share NSE Nifty rallied 73.0 points to 10,773.50.
The Nifty Index today hit all-time fresh highs of 26,150.05, fundamentally driven by PSU banks following government’s reduction condition of supplementary borrowing for the year and early resolution to Bhushan Steel case.
Now finally the market has reacted favourably to the government’s initiatives and reforms and will continue to do so. It’s commendable that the fruit of the latter is being seen now. Investors, who were staying away from Indian market so far on account of policy uncertainty and a weak economy, are slowly returning.
A robust stock market is a sign of a healthy economy and also sends out a signal to the International economy that India story is set to have a bright economic light in 2018