Stock Market's High Time! What Is NIFTY That Touched Historic 20k Mark

Equity benchmark indices continued their winning momentum on Tuesday early trade, climbing for the eighth day running, with the Nifty scaling its fresh all-time high level. A largely firm trend in global markets and fresh foreign fund inflows also added to the positive trend in equities in initial deals.

Also Read: Nifty Soars To Record 20K Milestone; Analysts Unveil 4 Key Drivers

The 30-share BSE Sensex jumped 412.02 points to 67,539.10 in early trade today. The Nifty climbed 114 points to 20,110.35 — it’s all-time high mark.

On Monday benchmark Sensex jumped by 528 points to regain the 67,000 level while Nifty scaled the record 20,000 mark for the first time as robust buying by domestic investors helped equity markets extend the winning run to the seventh straight session.

The Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94 per cent, in day trading. The 50-issue barometer closed just below the 20,000 mark at 19,996.35, reflecting gains of 176.40 points or 0.89 per cent.

Sensex and Nifty

Sensex and Nifty are two prominent stock market indices in India. They serve as key benchmarks for tracking the performance of the Indian stock market and provide a snapshot of the overall health and direction of the economy.

The Sensex, short for “Sensitive Index,” is maintained by the Bombay Stock Exchange (BSE) and tracks the 30 largest and most actively traded stocks on the exchange. It provides insights into the performance of key companies in India’s stock market, making it a long-standing and widely followed benchmark.

On the other hand, the Nifty, officially known as the Nifty 50, is managed by the National Stock Exchange of India (NSE) and comprises the 50 largest and most liquid stocks listed on the NSE. Nifty 50 is recognised for its broader and diversified representation of the market.

Both indices use a free-float market capitalisation-weighted methodology to calculate their values, and their movements are influenced by various factors, making them invaluable tools for different stakeholders in assessing the overall direction of the stock market.

Both Sensex and Nifty are important indicators of the health of the Indian stock market and are closely monitored by investors, analysts, and financial institutions. Movements in these indices reflect changes in the prices of their constituent stocks and are influenced by various factors, including economic conditions, corporate earnings, global events, and government policies.

(With PTI inputs)