- By Aditya Pratap Singh
- Wed, 27 Dec 2023 12:09 PM (IST)
- Source:JND
Nifty 50, The index of the top 50 companies listed on the National stock exchange, on Wednesday, touched a new all-time high mark as it reached a level of 21600 points in the mid-hours of trading.
Amid the holidays, the domestic market growth was supported by the United States where the S&P 500 index traded near all-time highs. The indices like Dow Jones and tech-heavy NASDAQ jumped as much as 0.6 per cent.
The BSE Sensex was trading higher at 71,849.8 and the Nifty50 was scaled up to 21,600 at around 12:10 pm.
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Banking and IT stocks led today's gain with major gains posted by HDFC Bank, Reliance Industries Ltd and Infosys.
Meanwhile, BSE's Sensex rose 500 points mid-day to touch 71,849 - its day's high. Earlier, the 30-share index hit its lifetime high of 71,910 on December 20. The Nifty also crossed the 21,500 mark a week ago as markets continued to rally for days.
As per market experts, the Nifty 50 closed at 21,450 yesterday, was expected to track the gains of its Asian peers today and was helped by the expectation of interest rate cuts by the US Federal Reserve in 2024.
Both the indices -NSE's Nifty and BSE's Sensex- have rallied more than 7 per cent this month.
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