The Nifty has risen 21 per cent so far in 2021, while the Sensex has risen 19 per cent

MUMBAI: The BSE Sensex jumped to 7,000 today and the Nifty jumped to 12,000 on the back of favorable global reports. So far in the current calendar year, the Nifty has gained 21 per cent and the Sensex 15 per cent.

According to market insiders, the easing of the US Federal Reserve's bond-buying program has had a positive effect on the market today. In addition, the market has gained momentum due to the growing number of retail investors and liquidity liquidity.

Improvements in various figures affecting the economy, favorable corporate results as well as the softening of monetary policy by the Reserve Bank have supported the market rally. Thus, the market boom has continued to accelerate after the Corona epidemic behind various favorable factors.

Following this favorable situation, today the Sensex jumped to the psychological level of 9000 and the Nifty jumped to the psychological level of 15000. However, amid bullish sentiment, high market valuations, slower economic growth and fears of a third wave of Corona have raised concerns among investors.

According to market analysts, the Sensex is likely to touch 30,000 and the Nifty 12,000 by the end of the current calendar year. However, in the meantime, higher headlines will continue to push for profitable sales, but large gaps are unlikely. The long term outlook of the market is getting stronger.

1200 important surface for Nifty

The Nifty jumped above 12,000 today and closed above this important level which is a positive sign. Adverse trends have a support level of 1200/1500 for the Nifty. This can lead to a softening move below the surface.