Stock Market At New Record High: Sensex Rises Over 400 Points, Nifty Above 19,050. IT Leads
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The two key equity benchmarks, Sensex and Nifty, on Friday opened at new record high during early morning trade. The S&P BSE Sensex touched an all-time high of 64,311, while Nifty50 touched a fresh high of 19,080 levels. At 9.31 am, the BSE Sensex was trading at 64,329, up 414 points. On the other hand, the NSE Nifty climbed 114 poinst to 19,086.
On the 30-share Sensex platform, PowerGrid, Infosys, M&M, Asian Paints, IndusInd Bank, Bajaj Finance were among lead gainers. On the downside, only Tata Steel, Airtel, and ICICI Bank emerhed early losers. Among individual stocks, shares of Power Grid surged over 2 per cent after the board approved three investment proposals worth Rs 389 crore.
In the broader markets, Nifty Midcap 100, and Nifty Smallcap 100 indices gained up to 0.4 per cent.
Volatility gauge, India VIX, meanwhile, jumped 2 per cent.
Sectorwise, Nifty IT, Nifty PSU Bank, and Nifty Consumer Durables gained up to 1 per cent. On the other hand, Nifty Metal index inched lower in trade.
On Thursday, the National Stock Exchange and BSE remained closed on account of Bakri Eid (June 29). In the previous session on Wednesday, the Sensex ended with a gain of 499 points at 63,915, while the NSE Nifty 50 closed with a gain of 155 points at 18,972.
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