Monday, September 15, 2025
spot_img

Nifty hits fresh record high amid Union Budget optimism

Date:

Share post:

spot_imgspot_img

Shillong, June 14: The Indian benchmark indices ended on a positive note on Friday as Nifty touched a fresh record high amid optimism over the upcoming Union Budget that is likely to be presented on July 22.

 

Among the top gainers on Nifty were Adani Ports, Eicher Motors, M&M and Shriram Finance while losers included TCS, Tech Mahindra, HCL Technologies and Wipro, among others.

 

While Sensex closed at 76,992 (up 181 points), Nifty ended the day at 23,465 (up 66 points) while hitting a new high during the trading.

 

The Nifty remained within the defined range of 23,300-23,500.

 

“On the higher end, a decisive move above 23,500 might lead to a sharp upside in the near term,” said market experts.

 

A near-term consolidation seems probable as domestic investors await cues from the upcoming Union Budget.

 

Meanwhile, the BSE midcap and smallcap gained 1 per cent each. The Bank Nifty continued its consolidation phase.

 

According to market experts, the Bank Nifty index needs to decisively surpass the 50,200 mark to confirm an upside breakout towards the 51,000 level. (IANS)

spot_imgspot_img

Related articles

BMTC driver’s quick thinking saves 75 B’luru passengers as bus catches fire

Bengaluru, Sep 15: A quick-thinking driver helped save all 75 passengers travelling in a BMTC bus, which was...

Sena (UBT) stages protests against India-Pak match

Mumbai, Sep 14: The Shiv Sena (UBT) members on Sunday raised slogans and even destroyed a television set...

Pahalgam victim’s daughter calls for boycott of India-Pak tie

Pune, Sep 14: Asavari Jagdale, whose father Santosh Jagdale was one of the 26 people who lost their...

Pakistan is BJP’s partner: Tejashwi on Asia Cup match

Patna, Sep 14: RJD leader Tejashwi Yadav on Sunday attacked the BJP over the Asia Cup match in...