Record-Breaking Performance: Nifty 50 sets new highs 20 times in current year
Also Read: Stock market may see sharper than expected correction in the next fortnight, says Sanjiv Bhasin of IIFL Securities Besides the uplift in India’s macroeconomic fundamentals, the surge in inflows from retail investors over recent years has significantly contributed to the ascent of Indian stocks to unprecedented heights. In FY24, a notable 3.7 crore demat accounts were registered, averaging 30 lakh additions monthly, representing the highest surge ever documented in the history of Indian capital markets.
Simultaneously, domestic institutional investors (DIIs) have infused substantial capital into Indian equities. For instance, they have remained net buyers of Indian shares in 21 out of 25 sessions since the start of March, accumulating stocks worth 597.83 billion rupees during this period, as reported by Reuters.
Amid this backdrop, the Nifty 50, comprising the nation’s top 50 blue-chip companies spanning diverse sectors, has hit another record high of 22,768 points in today's session by gaining 0.45%. Also Read: Sensex at 75,000: Reliance, Sun Pharma, Tata Motors, M&M, Maruti among top 10 key gainers that led the rally Today's milestone marked the index hitting a new record high approximately 20 times in the current year so far, reflecting sustained momentum and investor confidence.
Notably, the index recorded fresh record highs on six occasions in March alone. Today's rally also pushed the market capitalization of NSE-listed companies to touch ₹398 lakh crore, or $4.77 trillion.
Major auto companies have reported strong volumes in Q4, while real estate firms have posted record-breaking sales during the same period. Additionally, banks have witnessed improvements in deposit ratios, propelling their stock values
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