Sensex And Nifty Reach All-Time Highs As HDFC And TCS Soar

On Tuesday, equity benchmark indices Sensex and Nifty recovered significantly to achieve new highs, bolstered by buying in IT, consumer durables, and financial stocks amid expectations of strong corporate performance.

The 30-share BSE Sensex soared 350.81 points or 0.47 percent to reach a career high of 74,227.63. The index fluctuated between the high of 74,501.73 and the low of 73,485.12.

The broader NSE Nifty also reached a new high of 22,514.65, up 80 points or 0.36 percent. Up to 31 components of the 50-share benchmark ended with advances.

Both indices had closed lower in the previous two sessions.

On March 7, the Sensex hit its previous high of 74,119.39. Nifty surpassed its previous high of 22,493.55.

HDFC Bank, Titan, Tech Mahindra, and Asian Paints were the top gainers.

Among the laggards were SBI, Bharti Airtel, JSW Steel, PowerGrid, ITC, and Reliance.

In Asian markets, Seoul and Tokyo saw advances.

Brent crude gained 0.36 percent to $88.67 a barrel.

European markets were trading in green.

The US markets finished Wednesday’s session on a mixed note.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities equities worth Rs 2,213.56 crore on Wednesday.

On Wednesday, the BSE benchmark Sensex fell 27.09 points or 0.04 percent to 73,876.82, while the NSE Nifty dropped 18.65 points or 0.08 percent to 22,434.65.

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