Sensex ends at the record high touching 34000 mark
BSE Sensex touches 34000 marks of a record high on Tuesday trading. A day after Christmas is the lucky date for the Indian share market. Even Nifty successfully crosses 10000 marks. Somehow, in the global market, there was a different situation. Due to the holiday, trading in the world market had affected. There is a positive flow of sentiments in the market.
The coming year 2018 is best for the share market. As in the upcoming year, this is a strong revival of the corporate earnings. In fact, there is a rise in the Sensex base companies. Upcoming, you can see strong growth in the banking, automobile and energy sectors. While some of the consumer goods, companies are performing well. The rise is demand is beneficial for them in the future. In the year 2018, there is a high expectation from the share markets. There is no chances downfall in the coming year. Somehow, disappointing earnings in the year 2017 was not a good sign. It raises the concern of the financial experts. Even this has caused stock expensive. While the rise in Sensex and Nifty are the early signs of revival. Somehow, Foreign Institutional Investors (FII) have started pumping money from the Indian markets.
According to the sources, FII has brought $7.1 million to the Indian shares. In December sold $1.3 million. According to the Motilal Securities after the declaration of the state results, there is positive movement in the Indian Share market. Markets have sharp gains 27-28% in 2017. After, the slow growth affected from demonetization. Markets are going well before the pre-election year. The year 2018 is the pre-election year it is important for the share markets from ICICI Securities. Presently growth has seen in the different sectors of the Indian economy continues.