The Nifty50 on Monday closed above 12,000 for the first time — 333 days after it achieved the 11,000-milestone. The index of blue-chip companies had first closed above 11,000 on January 23, 2018.
Since then, the market has been on a topsy turvy ride, with a host of global as well as domestic factors impacting the index. The latest surge in the market has come on the back of Narendra Modi’s re-election as prime minister.
Also, investors are hoping the Reserve Bank of India (RBI) will cut interest rates and take measures to shore up growth. The market is eyeing