Stock Market View on Sensex scaling 75k mark by Prashanth Tapse, Senior VP (Research), Mehta Equities 

On the auspicious occasion of Gudi Padwa, Nifty scaled a fresh all-time high at 22765 mark and Sensex breached the 75000 mark to touch a high of 75137. The main catalyst behind the current uptrend is the hope of a stronger than expected Q4 corporate earnings which is fuelling the market momentum over the past one week. The uptick is equity markets is seen despite a strong momentum in gold, crude and metals, as more than a Fed rate cut expectations going ahead investors are pinning hopes on strong Q4 earnings.