Benchmark Indian stock market indexes Nifty and Sensex achieved unprecedented levels on Wednesday, driven by the global market rally and solid macro fundamentals such as a positive GDP outlook, controlled inflation, and robust purchases.
Sensex soared by 299.97 points, reaching 63,716, while NSE Nifty scaled new heights at 18,908, with a gain of 90.75 points. This surge was fueled by the purchase of heavyweight stocks like Reliance Industries and HDFC Bank, according to PTI. The US markets also closed significantly higher on Tuesday.
Major gainers in the Sensex pack included companies like Titan, Bajaj Finance, State Bank of India, ITC, Larsen & Toubro, IndusInd Bank, HDFC Bank, and Reliance Industries. Tech Mahindra, Axis Bank, Kotak Mahindra Bank, and HCL Technologies, on the other hand, lagged behind.
Originally scheduled to be closed for Eid-ul-Adha (Bakrid), the Indian stock markets were rescheduled to be closed on Thursday due to a change in policies.
(with PTI inputs)
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
