MUMBAI:NP NEWS NETWORKThe stock market once again reached on record levels on Wednesday. The Sensex reached a highest level of 36,747. Earlier this week, the Sensex made a high of 36,740 on Friday. The market started booming and the Sensex rose by 230 points. Nifty also gained 68 points. Oil and gas, PSU, banking and realty stocks saw good buying at the beginning. However, after that the profit booking was also received. According to experts, The Indian stock market was showing good results as the US markets rally and other Asian markets also saw good signs. The rupee was 12 paise higher at 68.33 against the dollar. However, after a while, Sensex and Nifty came down a little below the height in intra-day but the boom was unchanged.
Adani Ports, Power Grid, ONGC, Coal India, HDFC Ltd, Wipro, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Larsen & Toubro, Reliance Industries and TCS have seen a 16% boom in the stock. On Tuesday, local investors has invested Rs. 840.06 crore. The Sensex rose by 196 points on Tuesday and closed at 36,519. Nifty has climbed 11008 points.
Stock market expert Suniv Miglani says that there is a possibility of boom in the market for the next one or two days. However, long-term investors should be alerted at this time. Long-term investors should exit if the stock market still grows by 100-200 points. Because the boom in the stock market may also fall slightly. Nifty may go up to 11,200 to 11,300 for a short time