Sharp rise in stock markets, Sensex-Nifty at all time high

Around 12:45 pm, the Sensex rose by 781.36 points or 1.05% to reach 75,013.34. At the same time, Nifty has made a new record high today. NSE Nifty has reached its high level of 22,841.65 with a huge gain of about 1.02% i.e. 240 points.

Bhoomi Goyal
Published on: 23 May 2024 2:10 PM GMT
Sharp rise in stock markets, Sensex-Nifty at all time high
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After starting flat, the Indian stock markets started registered such a sharp rise that both the benchmark indices reached all-time high. Today BSE Sensex reached a new record high of 75,407.39 with a spectacular increase of 1100 points. At the same time, NSE Nifty rose by about 350 points and reached 22,959.70, which is its 52-week high level.

Around 12:45 pm, the Sensex rose by 781.36 points or 1.05% to reach 75,013.34. At the same time, Nifty has made a new record high today. NSE Nifty has reached its high level of 22,841.65 with a huge gain of about 1.02% i.e. 240 points.

BSE's 30-share Sensex was up 41.65 points at 74,262.71 points in early trade. NSE Nifty was at 22,617.90 points with a gain of 20.1 points. At the same time, after some time, Sensex was trading up by 225.06 points at 74,456.44 and Nifty was trading up by 77.50 points at 22,675.30 points.

Nifty Bank is also showing a bullish trend in early trade. It rose by 223 points or 0.45 percent to reach 48,005 points. The bullish trend in midcap and smallcap stocks continues. The Nifty Midcap 100 index is up 281 points or 0.54 percent at 52,448 points and the Nifty Smallcap 100 index is up 87 points or 0.52 percent at 16,970 points. India VIX, which reflects market volatility, remains flat at 21.47 points.

Sector wise, there was a rise in IT, public banks, financial services, realty, infra and oil and gas. There is pressure on auto, pharma, FMCG and metal sectors. L&T, Asian Paints, Axis Bank, Wipro, SBI and IndusInd Bank are the biggest gainers in the Sensex. Whereas, Power Grid, Sun Pharma, JSW Steel, Tata Steel and Nestle had the biggest decline.

Mixed trading took place in Asian markets. The markets of Tokyo, Jakarta and Seoul are in the green, while the markets of Shanghai, Hong Kong and Bangkok are in the red. American markets closed negative on Wednesday. Crude oil is down by half percent. Brent crude is at $81 per barrel and WTI crude is at $77 per barrel.

Market experts say that at the global level, pressure was seen in the American markets on Wednesday. The reason for this was the details released from the last Fed meeting in which it has been said that interest rates can be kept stable. Due to this, slight pressure is being seen on Asian markets also.

According to stock market data, foreign institutional investors (FIIs) were sellers in the capital market on Wednesday and sold shares worth a net Rs 686.04 crore.

Bhoomi Goyal

Bhoomi Goyal

English Content Writer in Newstrack from Jaipur, Rajasthan. (Education, Business, Technology, Political, Sports, Lifestyle, Crime and Webstories)

My self Bhoomi Goyal from Jaipur, Rajasthan. I have passed my Master's in Journalism and Mass Communication this year. I worked in Rajasthan Patrika for six months as an intern. I am working here from June 1st. I passed my graduation in BCA from Rajasthan University and master's in journalism and mass communication from Vivekananda Global University, Jaipur.

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