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Nifty crosses 22900 level and it is Nifty’s highest upper range yet

Nifty crosses 22900 level and it is Nifty’s highest upper range yet. Although the market sentiments are high because of the 2024 Lokshabha election the market depends on multiple factors. Today the railway sector is rising very well which seems to be an investing opportunity. Let us take a look at today’s plus point that helped Nifty 50 to touch a new record.

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Nifty Crosses 22900 level Nifty highest upper range

Today multiple factors are there in the market surged Nifty over 1% which helped to close it near a record high of 22,967.65. For the first 15 minutes, the start was normal for Nifty 50, but after some time nifty started rising and it crossed the previous all-time high level and made a new all-time high of 22,993.60.

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Railway Sector Increase

For example, the Indian Railway Finance Corporation’s (IRFC) share was near its 52-week high, Rs 192.80, and today’s high of IRFC was Rs 191.65. That seems to be a good sign for IRFC investors and the railway sector. Another stock was RVNL (Rail Vikas Nigam Limited) which closed today (Rs 372.25) with a 9.04% hike from the previous closing price. 

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Top contribution in today’s Nifty 50 Rally

HDFC Bank and Adani Enterprises helped most Nifty 50 to hit a record high. Today Adani Enterprises surged over 8%, and on another side, the banking giant HDFC Bank surged over 2.2%. 

RBI’s 2.11 lakh Crore Record Divided

Another chapter that helped Nifty 50 to surge over 1.5% was RBI’s record dividend payout announced. Reserve Bank of India declared this week a Rs 2.11 lakh crore divided which will give confidence to the market, said by expert. 

Sensex Record High

Today Sensex also touched a record-high of 75,499.91 and surged over 1.6% which again seems a piece of good news for market participants. 

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