Business News Desk!!! After the election results of Maharashtra and Jharkhand, a huge jump has been seen in Sensex and Nifty on the first trading day of the week i.e. 25th November. As soon as the market opened, the Sensex was trading at 80,350 with a gain of more than 1200 points, while the Nifty was also trading at 24,300 with a gain of 390 points. Experts say that the strong victory of BJP in Maharashtra elections has increased the confidence of investors in the market.
Will the market rise?
Experts also say that in the initial phase of today’s session, a strength of 300-400 points has been recorded in Nifty, due to which it can cross the level of 24,000. If this momentum continues then Nifty can touch the level of 24,250-24,300. After this, it can touch a strong level of 24,700 with a strong rise.
Difficult to cross 24,400 level
However, experts say that it may be difficult for Nifty to cross the level of 24,400. “BJP’s victory is a positive sign for the market, but it is important to see how sustainable this lead is,” said an analyst.
Government’s decisions will decide the future direction
Analysts believe that the rise in the market is based on the expectation of BJP’s victory. However, sustaining this rally will entirely depend on government spending and development plans. The steps taken by the government in the next few months will decide which direction the market will go.
