The bull run in the Indian equity market continues as benchmark indices end the day in green for another session.
Nifty hit the 8900 mark for the first time since September 9, 2016 and closed the day with a 28 point jump. Sensex was up 1200 points and closed the day at 28761.
Speaking to CNBC-TV18, market expert Ashwani Gujral said, "Let's see if we can reach to new highs, other markets have been there for months, so my sense is that even if it takes some time, we fill finally get there."
He said that if big money, foreign institutional investors (FIIs) are not coming in then large cap stocks will see news driven small movement.
In the same interview, Dipan Mehta, member BSE and NSE said that we are just a 'hop, skip and jump' away as far as new highs are concerned.
He said that at this point one should have a look at the liquidity that has entered the system.
"Global markets have been attractive and supportive. Domestically, anecdotally as well, as hard figures are suggesting that more financial savings have been deployed in to equity through the mutual fund and various routes, which is driving the market at this time," he said.Watch video for more.
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!
