Stock slides smooth down by 298 pts; Sensex set to hit 45,000 level by June 2020

Mumbai, May 23: After booking profits for the major stock slides amid the LS vote counts in India, the Sensex and Nifty at the closing day settled down at 38,811 and 11,657 respectively.

 

 

Post Sensex crossing 40,000 level for first time ever and Nifty breaching 12,000 mark, an all time high, Morgan Stanley, international investment banking company has given investors more reasons to cheer.

 

According to the international brokerage, Sensex is all set to reach 45,000 level, a 10% upside from the current level. Nifty too is seen hitting 13,500 by June 2020.

 

The closing bells of the market witnessed a huge jump in the history of 52-week trade, paring the indices gain reaching high. While Sensex gained 1,014 points intra day to hit an all time high of 40,124 level, 50-share index rose 304 points to 12,041 level.