The Indian benchmark index Sensex reached 75,000 points for the first time ever on Tuesday. Both the indexes soared on the opening trade, with Nifty crossing the 22,700 level.
Today’s stock market news: Bull run on Wall Street
It is significant to note that the Sensex opened 381 points, or 0.51%, higher at 75,124, while the Nifty 50 surged 98 points, or 0.44%, to open at 22,765. Broader markets also supported the rally as the Nifty Midcap 100 and the Nifty Smallcap 100 indices both rose over 0.3%.
BSE market capitalisation touches Rs 401 trillion amid record high Nifty, Sensex
A wide range of sectors experienced buying, including Nifty Realty, Nifty Auto, Nifty IT, and Nifty PSU Bank.
“After a stellar FY24, Indian equity markets continue to march higher into new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping sentiments upbeat. The announcements of encouraging monthly/yearly data and some operational / order announcements by companies are attracting stock-specific buying,” Dhiraj Relli, MD & CEO at HDFC Securities told Mint.
Overnight, the Asian markets traded higher while the US stock market ended flat.
