Just in 11 sessions of this new year 2024, the benchmark Nifty surpassed 22,000 while Sensex crossed the 73,000 mark for the first time ever on January 15.
The robust momentum observed in the Indian benchmark indices on Friday continues into Monday s trading session, with both Nifty 50 and Sensex reaching new record highs.
HDFC Life jumped 8 per cent today, after the RBI approved HDFC Bank to hike its stake in the insurance firm. The stock ended 6.40 per cent higher on NSE.
Broader markets were underperforming in comparison to key indices, as Nitfy Microcap 250 was up 0.28 per cent, followed by Nifty 100 at 0.18 per cent, and Nifty 200 and Nifty 500 at 0.14 per cent.
A strong recovery in the rupee and positive global cues added to the buying momentum.
Building on a strong start, the 30-share BSE Sensex advanced 975.62 points or 1.97 per cent to finish at 50,540.48.
Similarly, the broader NSE Nifty soared 269.25 points or 1.81 per cent to close at 15,175.30.
New Delhi: Market benchmarks made an emphatic comeback on Friday after two days of losses as robust results by SBI gave fresh impetus to banking and finance stocks, while a declining trend in COVID-19 cases also assuaged investor concerns.
A strong recovery in the rupee and positive global cues added to the buying momentum, traders said.