Sensex scales 60,000 as stocks continue to rally
The Hindu
The index has risen about 10,000 points in a few days short of eight months, since crossing 50,000 on February 3.
The S&P BSE Sensex on Friday crossed the 60,000 mark to reach 60048.47, gaining 163.11 points or 0.27% with buying support. The index has risen about 10,000 points in a few days short of eight months, since crossing 50,000 on February 3.
The market had been performing well over the last few quarters owing to ‘huge liquidity, upward earnings cycle, economic revival owing to fading COVID-19 effect’, said Piyush Garg, CIO — ICICI Securities Ltd..
“However, market participants should be wary of rising inflation and resulting removal of liquidity from the system. During [calendar year] 2021, some central banks, namely Russia, Korea, Ukraine, have raised rates,” he said.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.