Monday, 1 September 2014

Nifty Market Updates and Recommendations

BSE Sensex and Nifty rose to record highs after economic growth in the first quarter hit a nine-quarter high.Data released on Friday showed that economic growth in April-June quarter hit 5.7 per cent.

Boosted by the GDP growth numbers, Nifty rose 50 points to hit 8,000 level for the first time while Sensex hit a new high of 26,812, up nearly 150 points.

From 7,000 level, Nifty took 78 sessions to hit the 8,000. Nifty had hit 7,000 for the first time on May 12, boosted by the exit poll results.

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