Market opened at fresh highs with Nifty and Sensex crossing 24,300 and 80,000, respectively, for the first time.
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Traders on Wednesday booked profits after Sensex and Nifty opened at fresh all-time highs on Tuesday and climbed higher still.
Market opened at fresh highs with Nifty and Sensex crossing 24,300 and 80,000, respectively, for the first time.
BSE Sensex crossed the 80,000-mark for the first time hitting an all-time high of 80,074. It ended at 79,987, up 545 points or 0.69%.
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Nifty50 also touched a new record high of 24,307.25, before closing at 24,287, up 163 points or 0.67%.
On BSE, over 300 stocks touched their 52-week high. These included HDFC Bank, JSW Steel, Dr Reddy’s Laboratories, Castrol India, Federal Bank, Glenmark Biocon, Sun TV Network, Solar Industries, Indian Renewable Energy Development Agency, Persistent Systems, among others.
On Nifty 50, biggest gainers were Tata Consumer Products, Adani Ports, Kotak Mahindra Bank, Axis Bank and HDFC Bank. On the losing side were TCS, Titan Company, Reliance Industries, Tata Motors and Hindalco Industries.
Among the sectors, except media, all other sectoral indices ended in the green with power, capital goods, bank and metal up 1-2 per cent.
Further, the BSE midcap and smallcap indices rose nearly 1 per cent each.
Interestingly, the Sensex took just 138 trading sessions to move from 70,000 to 80,000 to register its fastest-ever 10000-points journey.
The index touched an intra-day high of 80074.30 during the morning session on Wednesday, and had crossed the 70,000 mark on December 11, 2023.
Shares of ICICI Lombard surged 2 per cent to hit an all-time high of Rs 1,860 after global brokerage firm CLSA upgraded it to ‘outperform’ from ‘hold’ and raised target price to Rs 2,000 per share.
In Asian and European markets, strong gains influenced sentiment as Japan’s Nikkei rose 1.25 per cent, while Hang Seng clocked a gain of 1.16 per cent.
Among the European markets, France’s CAC 40 jumped over 1.5 per cent and Germany’s DAX rose over a per cent during the session.
Futures contracts for the Euro Stoxx 50 climbed 0.2% as the MSCI Asia Pacific Index rose 1%, lifted by the tech-heavy markets of South Korea and Taiwan. S&P 500 futures were little changed.
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