Just as the street became comfortable with the prospect of a correction, the market decided to shock everyone and make a dash to close at its three and a half month high. The Sensex started the day on a good note, crossing the 18,000 level for the first time since August 2011. The Nifty soon followed by surging past 5500 in midday trade to close at 5531.
According to Mehraboon Irani, principal and head of the private client group business at Nirmal Bang Securities, this bull run in the market is due to the constant flow of liquidity.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
