The domestic market’s recent performance. It appears that the market has been consistently reaching new record highs in the past few sessions. On Wednesday (July 19), the Sensex reached a fresh all-time high of 67,117.05, while the Nifty50 also scaled its fresh peak of 19,841.65 during the intraday session.
In addition to the market hitting new highs, it’s noteworthy that the Sensex has risen by approximately 22 percent from its 52-week low of 55,157.99, which was recorded on July 27, 2022. Similarly, the Nifty50 has surged by nearly 21 percent from its 52-week low of 16,438.75, also set on the same date.
It appears that the market’s rise has not been without challenges and periods of volatility. From December 2022 to February 2023, both the Sensex and Nifty experienced monthly declines, indicating a period of negative performance.
During that time, concerns regarding sticky inflation, expectations of monetary policy tightening, and sluggish global economic growth likely impacted market sentiment. Inflation can have implications for central bank policies, including potential interest rate hikes or other measures aimed at managing price levels. These factors can influence investor sentiment and market performance.
