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Highlights

  • Sensex more than doubles from the pandemic lows from March 2020
  • FII inflow into India YTD at $7.2 bn
  • Factors at play: Covid under control, Fed fears abate, China liquidity push

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Sensex at 60,000: Bulls cheer on Dalal Street, Nifty eyes 18,000

It took less than a year for Sensex to rise from 50,000 to 60,000

Updated: Sep 02, 2022 10:53
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Editorji News Desk

Sensex at 60,000: Bulls cheer on Dalal Street, Nifty eyes 18,000

Markets at record high with Sensex at 60,000 and Nifty eyeing 18,000. The Sensex has rallied from 50,000 to 60,000 in under one year.

Retail investors laughing the way to the bank are the risk-on betters that invested in the pandemic lows. From drop to 25,638 in March 2020 to the highs of 60,000 on September 24, the Sensex's ride has been dizzying to the top.

The major factors at play is the lack of presence of any big negative overhangs. The fed taper talk worries have diminished, China pushing in liquidity to avert the Evergrande crisis and the robust vaccination drive keeping covid under control has all fuelled the bull run on Dalal Street.

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