Stormy rise in the stock market! Sensex jumped 500 points, Nifty crossed 24,350. Stormy rally in the stock market! Sensex surges 500 points; Nifty crosses the 24,350 mark. – ..

There is tremendous enthusiasm being seen in the Indian stock market today on Friday. In the last trading session of the week, the domestic market started with great gains and maintained the upward trend throughout the day. Sensex has registered a jump of more than 500 points, while Nifty has also crossed the psychological level of 24,350. There is an atmosphere of enthusiasm among investors and all the major market indices are trading in the green, which shows the strong sentiment towards Indian markets.

IT and metal sector remained silver

IT and metal sectors have a big role behind today’s boom. All-round buying is being seen in the shares of IT companies, due to which there is a good growth in the index of this sector. At the same time, due to expectations of global and domestic demand, investors have placed heavy bets in metal stocks. Experts believe that sector-specific rally has supported the market, which has helped Nifty reach new highs. Buying in select large-cap stocks has further improved the market mood.

What will be the next move of the market?

Looking at this ongoing glow in the market, analysts are considering it as a positive sign. Nifty staying above the level of 24,350 indicates that more buying may be seen in the market in the coming days. However, investors will now have to keep an eye on the upcoming quarterly results and global cues. It is clear from the current movement of the market that investors’ confidence remains intact and the strategy of buying on dips is working. If the market maintains this level, new records may be seen in the upcoming sessions.