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Indian markets opened on a strong note as the Nifty soared to a fresh all-time high of 26,295.55, surpassing its previous September peak. The Sensex also gained over 300 points and is trading close to its lifetime high.
Sensex Surges 313 Points; Nifty Hits All-Time High
Mumbai: The stock market started strong today, with a bullish sentiment evident from the outset. The Nifty surpassed its previous record high of 26,295.55, reaching a new all-time high of 26,295.55, reflecting growing optimism and positive investment sentiment in the market. Meanwhile, the Sensex also opened trading with a gain of nearly 300 points at 85,912.94, very close to its record high. This rally has enthused investors.
The Nifty 50 index surpassed its previous record high of 26,277.35 today, reaching a new high. This is a major positive sign after the volatile market conditions of the past several months. The Sensex has also come very close to its all-time high of 85,978.25. Although it hasn't yet set a new record, current levels indicate that the index could create new history at any time.
Sensex and Nifty Slip After Mild Opening; IT Stocks Drag, Metal Sector Gains
Most sectors remained strong in today's trading. Strong buying was seen in IT, auto, pharma, realty, and metal sectors, which played a major role in pulling the market higher. While PSU banks, consumer, and oil and gas sectors saw slight weakness, this did not significantly impact the overall market rally. The overall market sentiment appeared to be positive.
Many mid-cap and small-cap stocks performed well today. Shares of Ganesh Housing and Patel Engineering surged over 10 percent, attracting investor attention. Tata Tele (Maha) and Gillette India also saw gains of around 5 percent. Stocks like Tejas Networks, Swan Corporation, Tata Power, Bajaj Finance, and Shriram Finance also witnessed strong buying. Overall, the market today saw a bullish trend across almost all major stocks.
Of the 3,321 stocks traded on the BSE today, 1,853 advanced while 1,262 declined. 206 stocks closed unchanged. Notably, 60 stocks hit their 52-week highs, while 53 hit their 52-week lows. Furthermore, 85 stocks hit upper circuit and 60 hit lower circuit, indicating that investors were quite active today.
Gold prices rise across India; 24-carat rates touch Rs 1.27 lakh as global market holds firm
The market also saw a strong rally on Wednesday, with the Nifty rising 300 points and the Sensex rising 1,000 points. This rally led to a significant increase in investor wealth, with the BSE market capitalization increasing by ₹5.50 lakh crore in just one day. This strong gain laid the foundation for today's positive sentiment.
Today was a historic day for the stock market, as the Nifty hit a new all-time high. Strong investor sentiment, positive global cues, and a stable domestic environment have propelled the market to new heights. The Sensex may also set a new record in the coming days, which is expected to further accelerate the market's momentum.
