Sensex crosses 70,000 mark for the first time; Nifty soars beyond 21,000 level

The Indian stock market continues its record-setting rally, with the benchmark Sensex crossing 70,000 points for the first time ever. The broader Nifty index also hit a new high by surging past 21,000. Fueling this bull run are optimistic growth projections from the Reserve Bank of India (RBI) and status quo on policy rates.

On Monday, the Sensex opened strong and touched an all-time peak of 70,048.90 points, before settling at 69,958.13. This marks a 0.19% rise compared to Friday’s close. Not to be left behind, the Nifty index also peaked at 21,019.80, its highest ever. It was last trading at 20,984.65, a modest 0.07% higher.

With both Sensex and Nifty now having scaled unprecedented peaks, market experts predict the uptrend to continue in the near term. Retail participation too has surged to a 13-year high. The depth of the market combined with positive macros indicates clear skies ahead for investors.

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