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    You are at:Home » Nifty creates history, is it now preparing to cross the 21 thousand level

    Nifty creates history, is it now preparing to cross the 21 thousand level

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    By Harish Tiwari on July 20, 2023 Infra, National, PRIVATE SECTOR

    The Indian stock market made history today, belying all estimates. Sensex and Nifty closed higher for the fifth consecutive day. With this, for the first time, the Nifty 50 closed at 19,969.55 with a gain of 136.40 points. At the same time, the Sensex also climbed 474.46 points to close at a life high of 67,571.90 points. If we look at the Sensex stocks, 20 out of 30 stocks rose and 10 declined. The biggest jump was seen in ITC shares. Apart from this, banking and pharma stocks have also gained good momentum.

    In such a situation, the big question now is whether the Nifty will soon cross the important level of 20 thousand and move towards 21 thousand. At the same time, the Sensex will show the level of 70 thousand. Market experts say that it is too early to say because the speed at which the market has gone up, it seems that profits can be seen anytime. In such a situation, there is some doubt about the Nifty reaching the level of 21 thousand in the short term. Yes, this level can be seen by the end of the year.

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    Harish Tiwari

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