The NIFTY 50 index achieved a significant milestone on August 1, surpassing the 25,000 level and reaching an all-time high during Thursday’s trading session.
The benchmark equity indices opened Thursday’s trading session in the positive territory. The NSE Nifty 50 opens up by 79.90 points or 0.32% at 25,030.95. The broader indices opened in positive territory.
Bank Nifty index opens higher by 119.20 points or 0.23% to settle at 51,672.60.
Today marked a historic milestone for the Sensex as well, as it exceeded the 82,000 mark for the first time. The index climbed 285.94 points, closing at 81,741.34. Meanwhile, the Nifty 50 increased by 93.85 points, or 0.38%, finishing at 24,951.15
Key Highlights
- Wednesday’s Performance: Nifty closed Wednesday with a gain of 94 points, ending above the 24,950 mark. The session formed a small green candle with a minor upper shadow on the daily chart.
- Chart Patterns: The positive trend remains evident with the formation of higher tops and bottoms on the daily chart. This pattern suggests that Nifty is poised to establish another higher top.
- Current Outlook: Despite being at new highs, no reversal patterns have been observed yet. A decisive move above the 25,100 level could potentially trigger a sharp upward movement.