Bulls on Fire! Nifty Tops 23,000 for First Time, Sensex at Record High

- On May 24, Nifty hit all-time high of 23,004, breaking 23,000 mark for first time. - Sensex also surged to record 75,582, driven by bullish market sentiment.

[{"selector":"#anim-b74a0ce8-258c-4353-913b-40e2bfd25d10","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70109bc7-5ea1-453e-8d39-c36d49db92ab","keyframes":{"transform":["translate3d(0px, 162.96293%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3a102d0-b5dc-42cf-b9e2-ec472f3c39a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- By morning, Sensex was up by 155.62 points to 75,573.66, while Nifty increased by 35.20 points to 23,002.9. - Market breadth was positive, with 1,734 shares advancing against 1,056 declines.

[{"selector":"#anim-83fa6792-3d17-4887-871c-c138fb87f3f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a71c84bd-cbef-466a-b4fc-2f70818b176b","keyframes":{"transform":["translate3d(0px, 169.28640%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75a94d55-04ea-4df1-8b09-145769819b4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- Analysts, including Sameet Chavan from Angel One, advised caution due to election-related volatility but remained optimistic about continued bullish momentum. - Chavan sees Nifty testing 23,150 - 23,250 soon, with support around 22,750 - 22,800.

[{"selector":"#anim-53cecf50-7d43-4cbb-9669-6a3456d58f75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0fff921-b35d-421e-825b-bb26247b813a","keyframes":{"transform":["translate3d(0px, 121.60873%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b5b66be-004a-4b87-8cd4-873209c40ca2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- V K Vijayakumar from Geojit Financial Services highlighted that rally is led by well-valued large caps. - This trend of large-cap outperformance is expected to persist.

[{"selector":"#anim-cdfd375b-c239-4ce4-bd7f-0eeeeedae6c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3886c3c3-1dc8-4e33-8a39-35c340ca2896","keyframes":{"transform":["translate3d(0px, 202.20026%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f00f11b-961e-4b8f-9af8-7b359a145c5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- BSE Midcap & Smallcap indices also saw gains, rising up to 0.5 percent. - Nifty Metal & Media were top sectoral performers, climbing up to 0.8 percent.

[{"selector":"#anim-9aae7d2f-2836-443d-a154-533b8e54117c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74440e52-571e-4069-a475-e353e8f9520a","keyframes":{"transform":["translate3d(0px, 249.65697%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47ea0e88-a953-4977-a9f5-49539da72276","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- India VIX, indicating market volatility, rose slightly to 21. - Nifty Pharma & FMCG were laggards, each declining by 0.4 percent.

[{"selector":"#anim-123dbc41-8d73-488f-84ec-79e45281653c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fdcc39ab-2914-46b9-9b6c-ce0c3545cc65","keyframes":{"transform":["translate3d(0px, 248.42242%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83f91fd0-816d-4a3a-b94c-52244bec0026","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- US & Asia-Pacific markets faced declines; Dow Jones dropped over 600 points. - Japan's inflation cooled, aligning with forecasts, contributing to mixed regional market performance.

[{"selector":"#anim-2fcbc87a-07a1-4e6a-833c-d316b6cb0249","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc8a010e-53c2-4d0e-8671-bfcaa8e596fb","keyframes":{"transform":["translate3d(0px, 163.59532%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d32aabc-143c-4b1f-a09e-4fefbb39aa00","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-dffa4718-9bc8-4c9f-b4d9-6b8551fd13ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c057de34-e359-4acc-aff6-54b6c9aabcdf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17a34673-25b5-42da-9f91-f759ad5e50ad","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Open Demat Account

Check out more 5paisa webstories

[{"selector":"#anim-6e4671a7-bc7b-403c-8a49-b60390b50443","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37dac921-f0d5-4eb4-99c0-724e9f2744ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17ffe560-cddb-400f-8ef3-7a5dc9b1cf1f","keyframes":{"transform":["translate3d(0px, 561.27896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Bulls on Fire! Nifty Tops 23,000 for First Time, Sensex at Record High

- On May 24, Nifty hit all-time high of 23,004, breaking 23,000 mark for first time. - Sensex also surged to record 75,582, driven by bullish market sentiment.

Nifty Hits New Milestone

- By morning, Sensex was up by 155.62 points to 75,573.66, while Nifty increased by 35.20 points to 23,002.9. - Market breadth was positive, with 1,734 shares advancing against 1,056 declines.

Morning Gains

- Analysts, including Sameet Chavan from Angel One, advised caution due to election-related volatility but remained optimistic about continued bullish momentum. - Chavan sees Nifty testing 23,150 - 23,250 soon, with support around 22,750 - 22,800.

Expert Insights

- V K Vijayakumar from Geojit Financial Services highlighted that rally is led by well-valued large caps. - This trend of large-cap outperformance is expected to persist.

Large Caps Lead

- BSE Midcap & Smallcap indices also saw gains, rising up to 0.5 percent. - Nifty Metal & Media were top sectoral performers, climbing up to 0.8 percent.

Broader Markets Perform

- India VIX, indicating market volatility, rose slightly to 21. - Nifty Pharma & FMCG were laggards, each declining by 0.4 percent.

Volatility & Sector Performance

- US & Asia-Pacific markets faced declines; Dow Jones dropped over 600 points. - Japan's inflation cooled, aligning with forecasts, contributing to mixed regional market performance.

Global Market Snapshot

Check out more 5paisa webstories

Swipe up