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Sensex, Nifty soar to new record highs

The BSE Sensex surged past the 79,000 mark and the NSE Nifty crossed 24,000 for the first time on Thursday, setting new records in intraday trading.

The Sensex soared 470.71 points to reach 79,159.89, while the Nifty rose 164.10 points to 24,032.90.

The day began with a mild setback as the stock market opened flat, initially showing marginal declines following a record-high close in the previous trading session.

The Sensex opened 94.13 points lower at 78,580.12, while the Nifty began at 23,849.55 after a drop of 19.25 points. The early market sentiment was tempered by weaker cues from Asian markets, influencing initial trading patterns.

Throughout the morning session, the market displayed a mixed performance among Nifty-listed companies, with 21 stocks witnessing gains and 29 experiencing declines.

Investors closely monitored sectors ranging from banking and finance to technology and healthcare, contributing to the overall market dynamics.

The surge past significant milestones by both the Sensex and Nifty reflects strong investor confidence amidst favorable domestic economic indicators and global market stability.

Analysts attribute today’s record-breaking performance to renewed optimism over corporate earnings, sustained foreign institutional investments (FIIs), and positive cues from global indices.

Market experts suggest that the ongoing bullish trend underscores India’s resilience in the face of global economic uncertainties, positioning the country as a robust investment destination. 

(With ANI input)

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Last Updated: 19th Jul 2024