Quote on the Sensex crossing 75000 mark by Suman Bannerjee, CIO, Hedonova
Below the Quote on the Sensex crossing 75000 mark by Suman Bannerjee, CIO, Hedonova
The benchmark index Sensex reached a historic milestone, surpassing the 75,000 level for the first time. The Sensex has gained the last 5,000 points from 70,000 to 75,000 in less than 80 sessions, or under four months, since crossing the 70,000 mark on December 14, 2023. This upward trajectory has been underpinned by robust sectors such as capital goods, automobiles, banking, and metals. Notably, the increasing participation of retail investors has helped mitigate the risk of a market crash, even in the face of potential foreign capital outflows due to delays or modest rate cuts by the Fed. However, investors should exercise caution and adhere to long-term investment strategies amidst this historic market milestone.
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