Sensex Rises Above 75,000 For First Time; Nifty Ends At Record High

On Wednesday, Benchmark Sensex rose 354 points to end above the 75,000 level for the first time, while broader Nifty reached a new high thanks to gains in FMCG, energy, and metal shares.

The 30-share BSE Sensex soared 354.45 points or 0.47 percent to 75,038.15. During the day, it climbed 421.44 points or 0.56 percent, reaching a high of 75,105.14.

The NSE’s broader Nifty moved 111.05 points or 0.49 percent to 22,753.80. During the day, it inched up 132.95 points or 0.58 percent to reach a lifetime high of 22,775.70.

Vedanta, United Spirits, Interglobe Aviation, Coal India, BPCL, Trent, PNB, and Kotak Mahindra Bank were the top gainers.

Among the laggards were Info Edge (India), HDFC Life Insurance, Cipla, Divi’s Labs, Maruki Suzuki, and Shree Cement.

In Asian markets, Tokyo, South Korea, and Shanghai closed lower, while Hong Kong ended higher.

European stocks were trading in positive territory.

On Tuesday, Wall Street finished mainly up.

Brent crude gained 0.18 percent to USD 89.58 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 593.20 crore on Tuesday.

On Tuesday, the BSE benchmark lost 58.80 points or 0.08 percent to 74,683.70, while NSE Nifty dropped 23.55 points or 0.10 percent to 22,642.75.

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