Sensex Surpasses 85,000 for the First Time, Nifty Closes Above 26,000 Mark
The Indian stock market reached new milestones on Wednesday, with the Sensex closing above 85,000 for the first time ever, and the Nifty surpassing the 26,000 mark on a closing basis. Both indices recovered from intraday lows, ending the session at record highs.
The Sensex, a 30-stock index, rose by 256 points to close at 85,169, while the Nifty 50 climbed 64 points, ending at 26,004. This marked the first time in history that both indices breached these significant levels.
The total market capitalization of BSE-listed companies reached ₹475.25 lakh crore during the session, reflecting strong investor confidence.
Key Market Movers:
Out of the 30 Sensex stocks, 15 ended in positive territory. The rally was primarily led by banking and metal stocks, with the BSE Bankex and BSE Metal indices rising by 205 points and 133 points, respectively.
Top gainers included PowerGrid, Axis Bank, NTPC, Bajaj Finserv, Bajaj Finance, and Tata Steel, with shares rising up to 3.91%.
With nearly three months left in 2024, the Sensex has gained 17.90% so far this year, while the Nifty has rallied 19.66% during the same period.
During the trading session, the Sensex hit an all-time high of 85,247, and the Nifty reached a record high of 26,032, setting new benchmarks for the Indian equity market.
