Business

Indian Stock Market Soars To New Heights: Sensex And Nifty Close At Near-Record Highs

In a remarkable display of market strength, Indian equity indices closed in the green on Friday, driven by broad-based buying across all segments. The National Stock Exchange (NSE) benchmark Nifty reached an all-time high of 24,861, while the Sensex closed near its record high, surging 1,292 points or 1.62% to 81,332.

The Nifty midcap 100 index and Nifty smallcap 100 index also saw significant gains, rising 1.81% and 0.97%, respectively. Sectoral indices, including Auto, IT, PSU Bank, Fin service, pharma, FMCG, metal, and realty, were among the major gainers. An impressive 29 out of 30 shares in the Sensex closed in the green, with Bharti Airtel, Wipro, and Sun Pharma leading the charge.

Also Read: iPhone Export On Record High In April-June Quarter

The market’s upward momentum was fueled by impressive Q1 results, according to Shrey Jain, Founder and CEO of SAS Online. “The Indian stock market made a strong comeback, with all sectoral indices attracting significant buying interest,” he noted. Jain anticipates the market to maintain its upward momentum, driven by earnings-driven and stock-specific movements.

The lone loser in the BSE benchmark was Nestle, while the overall market sentiment remained overwhelmingly positive. As the market continues to soar, analysts advise adopting a “buy on dips” strategy to capitalize on the current scenario.

Richa Kaushik

Recent Posts

Deadly Blast At Illegal Firecracker Factory Claims Six Lives In West Bengal

At least six people, including three children, have been killed in a devastating explosion at…

41 mins ago

Salman Khan Greets Fans On Eid from Bullet-Proof Balcony Amid Security Concerns

Salman Khan, latest film Sikandar is receiving rave reviews, made his fans’ Eid special by…

10 hours ago

IMD Warns Of Exceptionally Hot Summer In 2025 With Increased Heatwave Days

The IMD has issued a warning about an exceptionally hot summer ahead, forecasting higher-than-normal temperatures…

10 hours ago

Delhi HC Rules In Favor Of Soldiers; Affirms Right To Disability Pension

The Delhi High Court has upheld the Armed Forces Tribunal’s (AFT) decision to grant disability…

10 hours ago

Delhi High Court Seeks AIIMS, Centre’s Reply On PG Admission Counseling Delay

The Delhi HC has issued a notice to Central Govt and AIIMS over the delay…

11 hours ago

Mumbai Police Visits Kunal Kamra’s Old Address Amid Legal Case Over Parody Song

Mumbai Police visited comedian Kunal Kamra’s residence in connection with a case related to his…

12 hours ago