Nifty Record High Closing: Nifty closed above 25000 for the first time, what will happen next? These 8 stocks ran fast

Last Updated on 01/08/2024 by Arun jain

The Indian share market has created history today. Till a few months ago, 25000 points was a big milestone for Nifty. In the recent past, Nifty had crossed 25000 points on many trading days. But at the time of closing, Nifty used to fall below 25000 points.

But on Thursday, Nifty broke that barricade, and at the end of trading, Nifty closed at 25,010.90, up 59 points. Psychologically, closing above 25 thousand is considered a good sign for the market. At the same time, Sensex closed at a record 81,867.55 points, gaining 126.21 points.

Nifty created history

Let us tell you, on Wednesday, Sensex closed at 81,741.34, up 285.94 points or 0.35 percent, while Nifty closed at 24,951.15, up 93.85 points or 0.38 percent. Everyone’s eyes were on which day Nifty would close above 25 thousand.

Some big stocks have played a big role behind this historic closing, Power Grid included in Nifty-50 rose by 3.63 percent, Coal India by 3.48 percent, ONGC by 3.41 percent and Adani Enterprises’ stock rose by 1.57 percent.

While OIL’s stock rose by 3.76 percent and Ajanta Pharma’s stock rose by 3.42 percent, in the smallcap category, FSL’s stock rose by 10 percent, Power India’s stock rose by 6.83 percent. Among the falling stocks, Sona Software’s stock fell by 10 percent, ACC’s stock fell by about 4 percent.

History of Nifty

It is worth noting that Nifty has gained 27 percent in the last one year. In 5 years, it has gained 127.43 percent, i.e. the index has doubled in 5 years.

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If we look at the history of Nifty, in the year 1999 it was around 900 points, while in the year 2010 it was around 6000 points, while in 2020 Nifty was close to 12000 points. At the same time, during the Corona period, Nifty fell to 7600 points, and in the last 4 years, Nifty has reached a historic 25 thousand points from this level. During this period, Nifty witnessed more than three times the growth.

Source (PTI) (NDTV) (HINDUSTANTIMES)