Stock market today: BSE Sensex and Nifty50 today hit new record highs in trade with the 30-share benchmark index moving above the 73,000 mark and the 50-share index climbing above 22,000. This surge was primarily driven by the strong performance of information technology stocks, following better-than-expected results from HCLTech and Wipro. Investors responded positively to the robust financial performances of these IT giants, contributing to the overall bullish sentiment in the market.
At 9:53 AM the BSE Sensex was trading 471 points higher or 0.65% up 73,040, while the Nifty50 was trading at 22,013, up 119 points or 0.54%. This landmark achievement marks a significant milestone for the Indian stock market, reflecting the resilience and optimism prevailing among investors
Among the Sensex stocks, Wipro emerged as the top gainer with a 10% increase. Tech Mahindra, HCL Tech, and Infosys also experienced gains of 2-5%. However, Bajaj Finance, Sun Pharma, Nestle, and Bajaj Finserv opened lower.
The Nifty IT sector witnessed a surge of over 3%, led by Wipro and HCL Tech. Additionally, Nifty PSU Bank and Nifty Realty also saw increases of 1.7% and 1%, respectively.
In the broader market, Nifty Midcap100 rose by 0.57%, while Nifty Smallcap100 experienced a 0.72% increase.
Notable individual stocks, such as Avenue Supermarts, opened 2.6% higher after reporting strong numbers for the quarter ended December. The company’s consolidated net profit rose by 17% year-on-year to Rs 691 crore.
Furthermore, BHEL shares jumped 4.5% in early trade following an order worth Rs 15,000 crore from NLC India in Odisha.
At 9:53 AM the BSE Sensex was trading 471 points higher or 0.65% up 73,040, while the Nifty50 was trading at 22,013, up 119 points or 0.54%. This landmark achievement marks a significant milestone for the Indian stock market, reflecting the resilience and optimism prevailing among investors
Among the Sensex stocks, Wipro emerged as the top gainer with a 10% increase. Tech Mahindra, HCL Tech, and Infosys also experienced gains of 2-5%. However, Bajaj Finance, Sun Pharma, Nestle, and Bajaj Finserv opened lower.
The Nifty IT sector witnessed a surge of over 3%, led by Wipro and HCL Tech. Additionally, Nifty PSU Bank and Nifty Realty also saw increases of 1.7% and 1%, respectively.
In the broader market, Nifty Midcap100 rose by 0.57%, while Nifty Smallcap100 experienced a 0.72% increase.
Notable individual stocks, such as Avenue Supermarts, opened 2.6% higher after reporting strong numbers for the quarter ended December. The company’s consolidated net profit rose by 17% year-on-year to Rs 691 crore.
Furthermore, BHEL shares jumped 4.5% in early trade following an order worth Rs 15,000 crore from NLC India in Odisha.
