On Wednesday, Bharat sets a benchmark ahead of the release of crucial US inflation data led by gains in metal stocks on expectations of strong global demand. The blue-chip NSE Nifty 50 surged 104.4 points to a record-high close of 22,747.15 and the 30-share BSE Sensex rose 354.45 points to end at 75,038.15.
Suman Bannerjee, CIO, Hedonova said, ‘The benchmark index Sensex reached a historic milestone, surpassing the 75,000 level for the first time. The Sensex has gained the last 5,000 points from 70,000 to 75,000 in less than 80 sessions, or under four months, since crossing the 70,000 mark on December 14, 2023.
Among the board market indices, Nifty Midcap 50 closed 1.12 % higher, followed by Nifty Midcap 100 and Nifty Midcap Select which rose 0.97 % each. All the sectoral indices except for Nifty Auto and Nifty Pharma ended in red today with Nifty Metal and Nifty Bank touching their respective all-time highs.
While Nifty Metal rose 1.8 % to touch a record high of 9,054.95, Nifty Bank rose 0.67% to hit a record high of 49,057.40 during the day’s trade.
Comments