Todays morning trade initiated a day of records at both the Sensex and Nifty as the bourse surged to record levels. Sensex touched 36000 while Nifty went past the 11000 mark on Tuesday morning’s trade. With the metal stocks rallying the most, the Nify Metal sub-index surged 1.5 per cent.

The Equity market bull run is at its peak, with the Nifty, which closed at 10997 on Monday, shot up past 11000 while the 30 share Sensex opened with a wide gain of 70 points and later surged past 36000. Reliance, Axis Ban, Hindalco and Infosys led the rally, signalling a hybrid performance, with no few sectors leading the pack. GAIL, Wipro, Asian Paints and Tata Motors, though were at the receiving end today.

“Equities are like medicine…they work well when administered in the right dosage for the right period and under the right guidance.”

Positive macroeconomic indicators and strong global signals, along with the Prime Ministers entourage at the Davos World Economic Forum meeting seems to have fuelled investors and traders confidence.

Inputs from Vanita Ojha, Financial Advisor