New Delhi:
Friday’s trading session was historic for the Indian stock market. During the trading session, the three main indexes Sensex, Nifty and Nifty Bank made new all-time highs of 84,694, 25,849 and 54,066 respectively. At the end of trading, Sensex was at 84,544 with a gain of 1,359.51 points or 1.63 percent and Nifty was at 25,790 with a gain of 375 points or 1.48 percent. Nifty Bank closed at a record high of 53,793 with a gain of 755 points or 1.42 percent.
Sensex closed above 84,000 points for the first time
Let us tell you that amid the bullish trend in the global markets, this is the first time that the Sensex (BSE Sensex) closed above 84,000 points. During trading, at one time it rose by 1,509.66 points to a new peak of 84,694.46. At the same time, Nifty also achieved a new record level. During trading, it jumped 433.45 points to an all-time high of 25,849.25.
Along with large caps, buying was also seen in small and midcap stocks. The Nifty Midcap 100 index closed at 60,208 with a gain of 856 points or 1.44 percent and the Nifty Smallcap 100 index closed at 19,332 with a gain of 187 points or 0.98 percent.
Among the Sensex companies, Mahindra & Mahindra jumped 5%
Almost all the indexes except PSU banks closed in the green. Auto, IT, Fin Services, Pharma, Metal, Realty, FMCG and Energy were the top gainers. 26 out of 30 stocks in the Sensex pack closed in the green. Among the companies included in the Sensex group, Mahindra & Mahindra jumped the most by five percent.
These are today’s top gainers and losers
Mahindra & Mahindra (M&M), JSW Steel, ICICI Bank, Larsen & Toubro (L&T), Bharti Airtel, Nestle, Hindustan Unilever (HUL), HDFC Bank, Tech Mahindra, Maruti Suzuki and Kotak Mahindra Bank were the top gainers. However, State Bank of India (SBI), IndusInd Bank, Tata Consultancy Services (TCS) and Bajaj Finance were the top losers.
Impact of the boom in the US market on the Indian markets
Krishna Appala, Senior Research Analyst at CapitalMind Research, said that the impact of the US market touching an all-time high after the Fed cut interest rates is being seen on the Indian markets. This has also opened the way for the RBI to cut interest rates. From a long-term perspective, IT, financial and pharma stocks are looking good from here.
Thank you for taking the time to read this article! I hope you found the information insightful and helpful. If you enjoyed this type of content, please consider subscribing to our newsletter or joining our community. We’d love to have you! Feel free to share this article with your friends and family, who might also find it interesting.
Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.