Brief by Shorts91 Newsdesk / 12:17pm on 11 Sep 2023,Monday Business
The Indian stock markets hit major milestones on Monday with the Nifty crossing 20,000 for the first time ever and the Sensex regaining 67,000 levels. Strong buying by domestic institutional investors amid positive macroeconomic data and the successful hosting of the G20 summit drove the momentum. The Nifty hit an all-time high of 20,008 before closing just below 20k at 19,996, up 0.89%. The Sensex settled 0.79% higher at 67,127. Banking, auto, and oil & gas stocks led the rally. Analysts said the landmark reflects robust inflows from retail investors and confidence boosted by India's foreign policy wins. Lower vegetable prices also fueled optimism over easing inflation.
