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MARKET GURU: Mayuresh Joshi, Head Equity Research, William O Neil

MARKET GURU: Mayuresh Joshi, Head Equity Research, William O Neil

 

2023 marks a year of significant milestones for the Indian market, achieving yet another feat today. Following the Nifty's recent breach of the 21,000 mark, the Sensex reached a milestone of 70,000 in intraday trading. Impressively, it took less than six months, or approximately 107 sessions, for the Sensex to climb from 65,000 to 70,000. The index initially surpassed the 65,000 mark on July 3, 2023. Throughout the year, the benchmark index has crossed multiple milestones, starting with its first-time reach of 64,000 in June 2023 and culminating in today's historic breach of the 70,000 level. Simultaneously, the Nifty50 achieved a new record high of 21,026.10, registering a 57-point increase in intra-day trading. However, the broader markets did not set new peaks during today's session. The market rally persists, characterized by the dominant performance of bulls. At this juncture, investors face the critical decision of whether to invest in stocks at record highs or await a potential correction. To delve into these pressing questions, tune into BTTV, where Mayuresh Joshi, Head of Equity Research at William O'Neil, will provide insights into the possible future of the market.

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