New history in the stock market: sensex surpassed 65,200

New history in the stock market: Sensex crosses 65,200 for the first time ever

Posted by NILESH WAGHELA

Mumbai: The stock market is preparing for a new record every day.  Sensex surpassed the level of 65,200 and Nifty above 19,300 points, for the first time in the history of the stock market during the session.

With the bullish trends in the world markets and especially due to the heavy buying of foreign institutional investors (FII), the stock market is witnessing a strong bullish weather.

Bullish signs were present from the pre-opening session today.  In the pre-opening of the market, the Nifty reached a record high and the Bank Nifty was also trading at a record high.  The stock market is trading at a record high for the third day in a row.  Nifty crossed 19250 for the first time and Bank Nifty crossed 45,000 for the first time. Whereas, the Sensex crossed 65,000 for the first time.

Of course, profit booking has washed away some of the gains.  At the time of writing, the Sensex was trading up 463.74 points or 0.20% to around 65,170 and the Nifty was trading up 124 points to around 19,312.

World markets rallied as fears of a recession eased after US GDP surprised by more than two percent growth.

Domestic GST collection has crossed Rs 1.60 lakh crore for the fourth time and especially the FII constant buying is giving strong support. Foreign funds reported inflows of around Rs 47,000 crore in June.

On June 30, foreign institutional investors in the Indian markets poured Rs.  6397.13 crore.  Local institutional investors also invested Rs.  1197.64 crore was purchased.