Investors' assets increased to Rs. 361.32 lakh crore at a record high

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- The Sensex hit a new all-time high of 72,120 and closed 702 points higher at a new high of 72,038.

AHMEDABAD: The Indian stock market witnessed a Santa-Rally today on the back of fresh buying by foreign as well as domestic investors due to factors including the possibility of reduction in interest rates by the US and other countries in the coming new year and softening of crude oil prices among adverse factors. Both the Sensex and Nifty indices hit new all-time highs today and closed at new highs of 72038 and 21655 respectively. Following the rise in Sensex, investors' wealth also increased to Rs. 361.32 lakh crore had reached a record high.

In 2024, the possibility of a reduction in interest rates by the central banks of other countries, including the United States, had a favorable effect on foreign investors. In addition, low crude oil prices supported the global economy amid adverse factors. Apart from this, the growing optimism that the ruling party will once again come to power in the upcoming general elections led to a new hand taken by foreign investors, local investors and funds in the hope of accelerating the economic development of the country.

Bank, finance, heavy weight, auto, IT are behind the new take out from Chomer today. BSE Sensex rose to a new all-time high of 72,119.85 intra-day as capital goods and capital goods were heavily traded among other stocks. Which closed at a new record high of 72038.43 after increasing 701.63 points at the end of the business.

On the other hand, the NSE Nifty also touched a new all-time high of 21,675.75 intra-day on the back of Chomer's fresh take today and closed at the close of business by 213.40 points at a new high of 21,654.75. Today by foreign investors Rs. 2926 crores of new levy was undertaken. However, domestic institutional investors, on the other hand, invested Rs. 192 crore was sold.

Following the rally in the Sensex today, investors' assets (BSE market cap) rose by Rs. 2.40 lakh crore increased to Rs. 361.32 lakh crore had reached a new historical high.

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