Fab Friday on D-Street today? After touching 19,992, Nifty eyes 20,000

The ongoing rally has been driven by foreign investors. In the April-June quarter of the 2023-24 financial year (Q1FY24), they pumped in over Rs 1 trillion into the Indian market

Continuing with the sustained upward momentum, the benchmark indices scaled new highs on Thursday on the back of a strong rally in banking, fast-moving consumer goods (FMCG) and pharmaceutical stocks. The Sensex and the Nifty50, which had slipped into the red in early trade, scripted a turnaround to end the session with over 0.7 per cent gains.

While the Sensex crossed the 67,500 mark for the first time, the Nifty50 ended the session just shy of 20,000. On the penultimate day trading week, the Sensex rose 474 points, or 0.71 per cent, to end the session at 67,572, the Nifty50