The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said. The benchmark Sensex on Monday scaled 76,000 level for the first time while the Nifty hit a new lifetime peak of 23,110.80.
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.
BSE benchmark Sensex skyrocketed 793 points on Monday, led by gains in banking stocks after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy.
The BSE Sensex on Tuesday rebounded by over 277 points led by gains mainly in bank and auto stocks as participants hoped that the RBI will further slash its repo rate to lift sagging consumer sentiment.
Extending gains for the fourth straight session, equity benchmarks ended on a positive note Thursday after the Economic Survey projected India s economic growth rebounding from a five-year low to 7 per cent this year.