Indian stock market nears record highs
India's stock market is buzzing, with the Nifty 50 and Sensex both climbing close to their all-time peaks set in September.
Since mid-June, the Nifty rose 4.4% to hit 25,549, while the Sensex jumped over 3,500 points to reach 83,755—both just a step away from breaking old records.
IT, blue-chip stocks lead the charge
Big-name stocks are leading this charge as smaller companies look expensive right now.
A US-Qatar brokered ceasefire helped cool oil prices by 11% in a week, and a weaker US dollar drew in over ₹12,500 crore from foreign investors—giving extra momentum to blue-chip and IT shares.
Some experts feel market may be overheated
Some investors are cashing out profits and promoters are selling shares, which could slow things down as we head into quarter-end.
Still, despite inflation worries and global uncertainty, experts feel optimistic about where the market's headed next.