- By Aditya Pratap Singh
- Tue, 09 Apr 2024 10:54 AM (IST)
- Source:JND
Stock market: The Indian stock market attained another milestone when the BSE Sensex touched the 75,000 mark for the first time on Tuesday. Both major indices were trading at record highs in early trading hours, with Nifty 50 rising over the 22,700 level.
Today, the 30-share index Sensex opened 381.78 points or 0.51 percent higher at 75,124.28, while NSE's Nifty 50 opened 98.8 points or 0.44 percent higher at 22,765.10. The Bank Nifty index also opened at a record high of 48,810.80, up 229.10 points or 0.47 percent.
Broader markets also supported the rally, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising over 0.3 percent each. Strong buying was seen in the top gainer sectors Nifty Realty, Nifty Auto, Nifty IT, and Nifty PSU Bank. Infosys, Tata Motors, Wipro, TCS, Tech Mahindra, and ICICI Bank were the top gainers in the Sensex. At the same time, Reliance Industries, JSW Steel, Titan Company, and Larsen & Toubro were the top losers. Strong domestic macroeconomic fundamentals and positive global market signals also aided the Indian stock market.
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Sensex's top gainers - Heavyweights such as Infosys, Tata Motors, Wipro, TCS, Tech Mahindra, and ICICI Bank were the top gainers on the Sensex.
Sensex's top losers - Stocks such as Reliance Industries, JSW Steel, Titan Company, and Larsen & Toubro were the top losers.
Factors driving the stock market rally
Key Factors Behind Today's Rally
- Strong domestic macroeconomic fundamentals and positive global market cues boosted the stock market.
- Broader markets backed the rally with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising over 0.3% each.
- All sectors witnessed robust buying. Nifty Realty, Nifty PSU Banks, Nifty Auto, and Nifty IT have seen a decent increase in buying.
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