Stock market surged ahead of economic growth report, Sensex may go back beyond 40k

Jul 04 2019 12:00 PM
Stock market surged ahead of economic growth report, Sensex may go back beyond 40k

Mumbai: The Indian stock market opened with an upward trend on Thursday before the Economic Survey report came in. In the opening minutes of the trading, the Sensex gained 75 points to 39,920. Similarly, the Nifty climbed to 11,945 with a strength of about 30 points.Considering the market, the Sensex is expected to once again cross the magic figure of 40 thousand.

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The Nifty is also expected to remain at the 12 thousand level. It is worth mentioning here that the first Economic Survey of the Modi government's second term will be presented in the House today. Union Finance Minister Nirmala Sitharaman to present economic survey in Parliament. The Economic Survey report is presented to the House just a day before the budget. Often the country's economic survey serves as a policy guideline for the general budget.

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Earlier on Wednesday, the stock market had also seen fluctuations. However, in the third session in a row, the Sensex and the Nifty closed strongly. The Sensex at the Bombay Stock Exchange gained 22.77 points, or 0.06 percent, to close at 39,839 against the previous session. The Nifty was up 6.45 points, or 0.05 percent, to 11,916. On Wednesday, the Sensex at the Bombay Stock Exchange stood at 39,935, while the sensex was at a low of 39,732. Similarly, the Nifty went up to 11,945, while its low was 11,887.

 

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