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📈 Stock Market Analysis: Nifty, Sensex, and Bank Nifty (September 12, 2024)


🚀 Nifty 50 and Sensex: Bullish Momentum on September 12, 2024, both Sensex and Nifty 50 surged to new highs: 

- Sensex: Closed at 82,962.71 (+1,439 points)⬆️. 

- Nifty 50: Closed at 25,388.90 (+470.45 points) ⬆️. 

- Bank Nifty: Closed at 51,772.40 ( +762.40 Points)⬆️.

🏦 Key sectors like banking, metals, and energy led the rally, supported by positive global cues.

💪 Bank Nifty: Strong Performance

Bank Nifty hit a new high, driven by: 

- 💵 Strong credit growth. 
- 📊 Improving asset quality. 
- 🏛️ Positive government policies. 


🌍 Market Drivers

- Global: 🌎 Economic recovery, central bank policies. 

- Domestic: 🌧️ Monsoon progress, corporate earnings, government reforms. 

🔑 Summary: The market shows bullish momentum, but caution is advised.

Pre Market Openings

📈 Nifty & Bank Nifty at Resistance

Nifty is At a key resistance 24,950, while Bank Nifty is testing a critical level at 51,149.

🚨 What to Watch:-

- A breakout above these levels could push the market higher.

- A pullback may trigger short-term corrections.

Stay cautious, manage your risk, and keep an eye on the trend!

▶️ Post Market Analysis By  ( Next Trades Official )

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