The two Indian stock markets continued their uptrend on Tuesday beefed up by a steady inflow of foreign funds, said experts.
The Sensex of the BSE crossed the 63,000 mark to touch a high of 63,036.12 points after opening at 62,839.85 points. It closed at 62,969.13 points, up by 122.75 points.
Incidentally, the Sensex all-time high was 63,583.07 points achieved on December 1, 2022.
"Equity benchmark indices extended their winning streak for the fourth consecutive day on Tuesday, bolstered by a steady influx of foreign funds," said Ameya Ranadive, Equity Research Analyst, Choice Broking.
According to Ranadive, despite facing volatility throughout the day, the Nifty of NSE managed to close above the 18,600 at 18,633.85 points.
"In the near term, we expect the market to take cues from its global peers and macro data to be released during the week. In addition, investors would watch for India's GDP number, which will be released on Wednesday," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Nifty is showing strength and is inching up gradually toward its life-high levels, he added.
"The domestic market continued its rally as recent Q4 results indicated improvement in demand. Further, expectations of a normal monsoon and a drop in international commodity prices support a rise in the margin profile. The underlying trend is strong, supported by strong liquidity, the negative slope of the interest yield, and the forecast of strong QoQ growth in Q4 FY23 GDP vs. 4.4% in Q3," said Vinod Nair, Head of Research at Geojit Financial Services.
Sushanta demanded Centre to start direct flight service along Agartala-Mumbai route
The state transport minister Sushanta Chowdhury on Monday met the Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu in Delhi and discussed a series of issues related to the development of air services from Agartala MBB Airport.
CM Dr Manik Saha discuses development railway services and infrastructure in Tripura
Chief Minister Dr Manik Saha on Monday met the General Manager (Construction) of North East Frontier Railway here in his chamber at the secretariat and discussed a series of issues related to the further development of railway infrastructure in the state and ease passenger movement.
State to get Rs 150 Crore for Tourism, Sushanta Meets Union Minister Shekhawat
The Central Government has sanctioned an additional ₹150 crore for the enhancement of Tripura's tourism sector, Tripura Tourism Minister Sushanta Chowdhury announced on Monday.
CM to inaugurate 34 projects of Rs 250 Crore tomorrow
Chief Minister Prof. Dr. Manik Saha will inaugurate and lay the foundation stones of various projects worth Rs 250 crore, comprising 34 projects, in Unakoti district tomorrow.
JP Nadda, BL Santosh arriving in state on March 9: CM Manik Saha
Chief Minister Prof. Dr. Manik Saha today announced that BJP All India National President JP Nadda and National General Secretary (Org) B.L. Santosh will be arriving on March 9 to attend the two-year celebration of the present state government at Swami Vivekananda Maidan.
Two Bihar women held with cannabis at Agartala Railway Station
Acting on a tip-off, the Government Railway Police recovered 21 kg 65 grams of dried cannabis from two women at Agartala railway station. The estimated market value of the seized contraband is said to be over three lakh rupees.
UK PM announces new 1.6-billion-pound deal for Ukraine to buy missiles
British Prime Minister Keir Starmer announced that Britain will allow Ukraine to use 1.6 billion pounds ($2 billion) of British export finance to purchase more than 5,000 air defence missiles.
'PM Modi working for welfare of all communities without discrimination', says Hazrat Nizamuddin Dargah Committee chief
Hazrat Nizamuddin Aulia Dargah Committee Chairman Syed Afsar Ali Nizami on Sunday praised Prime Minister Narendra Modi for attending the Sufi music festival 'Jahan-e-Khusro' and said that he gave the message of brotherhood and works for the welfare of all communities and religion without any discrimination.