February 22, 2024 12:33:41 booked.net

Sensex Achieves Milestone, Surpasses 72,000, as Nifty Hits Record High at 21,654

Major gainers on the BSE include UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, the State Bank of India, Larsen & Toubro, Infosys, and Bajaj Finserv.

The Bombay Stock Exchange’s (BSE) 30-share index, Sensex, marked a historic moment by surpassing the 72,000 mark for the first time, concluding the day at 72,038. This achievement comes 12 days after the Sensex reached the 71,000 milestone. Simultaneously, the National Stock Exchange’s (NSE) Nifty surged 213.40 points to settle at an all-time high of 21,654.75. Earlier in the day, Nifty had reached a peak of 21,600 points.

Throughout the day, Sensex demonstrated robust performance, surging by 783.05 points or 1.09 percent, reaching an intra-day lifetime high of 72,119.85.

Major gainers contributing to this milestone on the BSE included UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, the State Bank of India, Larsen & Toubro, Infosys, and Bajaj Finserv. NTPC and Tech Mahindra experienced a decline on the Sensex.

In Asian markets, positive outcomes were observed in Seoul, Tokyo, Shanghai, and Hong Kong. European markets generally traded in positive territory, while the US markets closed in the green on Tuesday.

Vinod Nair, Head of Research at Geojit Financial Services, attributed the upbeat domestic market to a new record high, rebounding from last week’s losses. This positive trend was largely supported by the anticipation of early rate cuts by the US Federal Reserve and a global decline in inflation, contributing to the Santa Claus rally.

Earlier in the trading day, Sensex had surged 289.93 points to 71,626.73, while Nifty climbed 90.45 points to 21,531.80. Major gainers at the beginning of the day on the BSE included UltraTech Cement, Bajaj Finance, Bajaj Finserv, Tata Motors, Larsen & Toubro, and Power Grid.

On Tuesday, the BSE benchmark settled at 71,336.80, with an increase of 229.84 points or 0.32 percent, while the Nifty advanced by 91.95 points or 0.43 percent, reaching 21,441.35.

Foreign Institutional Investors (FIIs) reportedly offloaded equities worth ₹95.20 crore on Tuesday, according to exchange data.