Indian stock markets will be closed on Thursday, for Eid Celebrations.
Santosh Meena, Head of Research at Swastika Investmart Ltd, says several factors, including central banks around the world implementing interest rate cuts, while governments enacting fiscal stimulus packages to bolster their economies during the COVID-19 crisis supported the market.
"This strategy proved effective, leading to a robust economic recovery in India. Currently, India boasts the fastest-growing economy globally, with a promising future fueled by political stability. We appear to be in the midst of a major bull market, which is likely to persist for the next few years. The Sensex reaching 100,000 seems like a realistic possibility in the near future. However, investors should prioritise quality stocks while maintaining a long-term investment approach," Santosh Meena said. (ANI). Read more:
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