Sensex, Nifty bring great news on Monday
- IndiaGlitz, [Monday,April 01 2019]
The stock markets are on a high on Monday. The S&P Sensex touched a record high of 39,017, rising by over 300 points. ICICI Bank, Infosys, L&T, TCS and HDFC Bank performed super well.
For the Nifty50, it crossed the 11,710-mark.
The reasons for the high performance are two-fold: Markets are expecting the RBI to cut interest rates, and the global scenario is looking up on the back of possible improvement in China-US trade ties. Gobal sentiment has its effects on the Indian market from time to time.
There is also a feeling that political stability and policy continuity is assured if the Narendra Modi government is voted back to power in May.