Sensex hits record high, Nifty rises above 24,900 for the first time
Hindustan TimesBenchmark stock market indices opened today on a positive note tracking positive developments in the US economy and sustained momentum from Q1 results. Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange building in Mumbai. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The undercurrent of this bull market has turned stronger on positive cues. DIIs which were sitting on cash waiting for clarity on tax proposals in the Budget have started deploying funds, particularly in quality largecaps, which explains the sharp rally in the Nifty," he added, explaining, "In the current scenario, the market will likely ignore the valuation concerns and march ahead.