Sensex Peaks At 72k Mark For The First Time And Nifty Reaches A Record High

On Wednesday, the Sensex and Nifty both sat new closing record highs, with the 30-share benchmark index topping the historic 72,000 mark, bolstered by optimism about the country’s macroeconomic fundamentals and robust global market trends.

The 50-share index rose to a new high of 21,654.75 mark to heavy purchasing in the metal, commodity, auto, and banking sectors, reflecting broader investor optimism.

For the fourth consecutive day, the BSE index surged 701.63 points or 0.98 percent to close at an all-time high of 72,038.43. During the day, it rose 783.05 points or 1.09 percent to a lifetime high of 72,119.85.

The Nifty gained 213.40 points or 1 percent to a record high of 21,654.75. During the day, it went up 234.4 points or 1.09 percent to record an intra-day high of 21,675.75.

UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, Larsen & Toubro, Infosys, and Bajaj Finserv were the top gainers on the Sensex.

NTPC and Tech Mahindra, on the other hand, were the laggards.

Seoul, Tokyo, Shanghai, and Hong Kong all finished with advances in Asian markets.

The majority of European markets were trading in green.

On Tuesday, the US markets closed in positive territory.

Brent crude lost 0.21 percent to USD 80.90 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 95.20 crore on Tuesday.

On Tuesday, the BSE benchmark soared 229.84 points or 0.32 percent to 71,336.80. The Nifty went up 91.95 points or 0.43 percent to 21,441.35.

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