Nifty surpasses 25,000 mark for the first time; Sensex breaches 82,000

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Nifty surpasses 25,000 mark for the first time; Sensex breaches 82,000 - Business Standard

Quick Summary:

After hitting a high of 25,078, the Nifty closed at 25,011, gaining 60 points, or 0.24 per cent.

There is a feeling that a correction is not coming, so people are putting money into the market now,” said Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies.

Foreign portfolio investors (FPIs) pumped in approximately Rs 34,000 crore, while domestic institutional investors were buyers to the tune of around Rs 20,000 crore in July.“The market outlook largely hinges on liquidity.