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Stock market continues to break record, Nifty reaches historic high, what to do now investor- Share Market Sensex up 300 points Nifty hits all time high of 12311 Know Here | Business – News in Hindi – jj
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Stock market continues to break record, Nifty reaches historic high, what to do now investor- Share Market Sensex up 300 points Nifty hits all time high of 12311 Know Here | Business – News in Hindi

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Stock market continues to break record, Nifty reaches historic high, what to do now investors

Nifty reaches record level of 12,311.20

After the US, the Sensex and Nifty continue to record record highs due to the returned purchases in the big markets of Asia. On Friday (Nifty at all time high) the Nifty reached the highest level of 12,311.20.

  • News18
  • Last Updated:
    January 10, 2020, 1:11 PM IST
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  • Edited by: Puja menon
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Mumbai. The beginning of the new year has been spectacular for the Indian stock market. After the US, the Sensex and Nifty continue to record record highs due to the returned purchases in the big markets of Asia. On Friday (Nifty at all time high) the Nifty reached the highest level of 12,311.20. Experts say that after the tension between the US and Iran has come down, the stock markets around the world have come back bright. On Thursday night, the US markets also closed with record gains. The leading benchmark index Dow Jones closed up 212 points.

Nifty at new peak –After 3 sessions, the Nifty again reached a record high. The Nifty has reached record highs after 20 December. The Nifty has gained about 250 points in 3 trading sessions. During this time, the market cap of Nifty has increased by more than Rs 2 lakh crore. Apart from this, the Sensex has gained about 850 points in 3 sessions.

Why the stock market boom – Vivek Mittal, head of VM Portfolio, told News18 Hindi that the stock market had been falling since the beginning of the week only because of the war between the US and Iran. But as tensions subsided, so did the fall in crude prices. That is why the Sensex and the Nifty closed on Thursday with strong momentum.

What should investors do now

Brokerage House Preferred Shares

Buy power grid- Looking at the preferred stock of brokerage house, Credit Suisse is finding the power grid stock attractive at the current level. The report says that the stock may rise by 34 per cent. A target of Rs 250 has been set on the stock. Let us tell you that the power grid has a 50% share in power transmission. Company Defense also provides services to telecom companies. The total in the first half is Capex of 12274 crores. In FY 2019, Capex target was 25000 crores.

Buy SBI The stock is seeing a gain of 25 per cent from the current level. Credit Suisse believes that this stock can show up to Rs 415 level in a year. It is the largest state-run bank in the country. The results are expected to improve with NPAs resolution. Value unlocking is expected from the IPO of the subsidiary.

Also read- Every month will be earning more than 50000, start this business in 4 lakhs

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First published: January 10, 2020, 12:53 PM IST

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