Gush of liquidity: 5 factors that helped Nifty cross 10,000

Nifty50 index scaled the 10,000 mark for the first time in history in opening trade on Tuesday. It took 91 sessions, or 4 months, for the index to rally 1,000 points – from 9,000 mark to hit 10,000 levels

Thus far in July, the Nifty50 index has gained nearly 500 points, or over 3%. From a closing level of 8,185 on December 30, 2016, Nifty50 has gained 1,815 points, or 22%, thus far in calendar year 2017 (CY17), and has become the best performing market globally during this period. Commodity Trading Tips

Here are five reasons that have triggered the recent rally:

Sharp rally in index heavyweights: The Nifty50 rally, in most part, has been fuelled by a sharp rally in Reliance Industries Limited (RIL) that has moved up over 10% thus far in July; and zoomed over 44% since the start of calendar year 2017 (CY17). The last leg of the rally was fuelled by RIL’s results that were in line with expectations. The surprise element according to analysts, however, was the 1:1 bonus announcement by the company at its 40th Annual General Meeting (AGM) last week and the launch of a 4G feature phone. "RIL reported standalone financials in line with expectation. However, GRM of USD11.9/bbl was higher than our estimate. RIL announced launch of its Jio phone which is targeting current pool of 530 million feature phone users. Current paid subscriber base has improved to 100 million. Going further, Telecom would be a major driver of stock performance," says a note from Motilal Oswal Securities. ITC, too, contributed a significant part with a gain of around 22% on year-to-date basis, as per ACE Equity data. RIL and ITC have a 7.65% and 6.36% weightage in the index. Astrology and Numerology Trading Tips