The Indian stock market is likely to start on a positive note on Thursday, thanks to strong global cues. Though domestic makes are expected to open flat, all eyes are on the Nifty and Sensex as they inch closer to their previous all-time highs. The Sensex had hit a record high of 85,801.70 and the Nifty 26,246.65 about a year ago. With gains in the US stocks overnight, most equities across the Asia-Pacific region have also opened with positive numbers.
This positive sentiment in the market is driven by the strong economic recovery following the COVID-19 pandemic and the recent surge in corporate earnings. The global economy is showing signs of revival and the stimulus measures taken by various governments have helped in boosting investor confidence. The Indian stock market has also been witnessing a steady increase in both domestic and foreign investments, indicating a strong growth trajectory.
The Nifty and Sensex have been on an upward trend in the past few weeks, and investors are closely watching their performance as they approach their previous all-time highs. If they manage to surpass these levels, it will be a major milestone for the Indian stock market. Experts believe that the current market conditions are favourable for a breakout and it may happen in the near future.
The strong global cues have added a boost to the already positive sentiment in the market. The US stocks ended on a high note, with the Dow Jones Industrial Average closing at a record high. This was mainly driven by the strong corporate earnings and the optimism surrounding the progress of COVID-19 vaccines. The positive trend in global markets is expected to continue, making it an opportune time for investors to enter the market.
The impact of the global cues is clearly visible in the Asia-Pacific region, with most equities opening with gains on Thursday. This is a clear indication of the overall confidence in the market and the potential for further growth. Experts believe that the strong global markets are likely to have a spill-over effect on the Indian stock market, leading to a positive opening on Thursday.
The positive sentiment in the market is also backed by the performance of various sectors. The IT, healthcare, and banking sectors have been performing well, contributing to the overall growth of the market. The recent reforms and policies implemented by the government and the RBI have also played a significant role in boosting investor confidence.
Investors are advised to keep a close watch on the market and make informed decisions. With the Nifty and Sensex inching closer to their previous all-time highs, it is an opportune time to enter the market and capitalize on the potential growth. However, it is important to maintain a cautious approach and invest in fundamentally strong companies.
In conclusion, the Indian stock market is poised for a positive opening on Thursday, driven by strong global cues. The Nifty and Sensex are tantalizingly close to their previous all-time highs, and investors are eagerly waiting for a potential breakout. With the current economic recovery and favourable market conditions, the future looks bright for the Indian stock market. This is the perfect time for investors to enter the market and capitalize on the potential growth opportunities.
