Nifty’s Journey To 11,000
India’s Nifty 50 Index posted fresh record highs as a slew of strong earnings stoked investors optimism.
The 51-stock benchmark rose as much as 0.8 percent to a record high of 11,256.35 and was poised for its best month since April.
Net profit at 13 of the 21 NSE Nifty 50 Index firms that have reported have met or beaten estimates, data compiled by Bloomberg show. The earnings confidence dampened the anxiety about the global trade conflicts and the Reserve Bank of India’s policy review on Wednesday.
Here’s a recap of the Nifty’s journey the new peak: