Indian stock market reaches record high: Sensex 79,000, Nifty 24,000

MUMBAI: Thursday was a historic day for Indian stock markets as the BSE Sensex passed 79,000 and the NSE Nifty crossed 24,000 for the first time.

The Sensex jumped 470.71 points to reach 79,159.89, while the Nifty rose by 164.10 points to stand at 24,032.90, according to agency reports.

Morning Setback to Midday High

The day started with a slight dip as the stock market opened flat. The Sensex began trading 94.13 points lower at 78,580.12, and the Nifty opened at 23,849.55 after a drop of 19.25 points. Early trading was influenced by weaker cues from Asian markets, leading to a cautious start.

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Throughout the morning, the market showed mixed performance among Nifty-listed companies. Twenty-one stocks gained, while twenty-nine saw declines. Investors focused on sectors like banking, finance, technology, and healthcare, affecting the overall market movements.

Investor Confidence

The significant rise in the Sensex and Nifty indicates strong investor confidence, driven by positive domestic economic indicators and global market stability.

Analysts credit today’s record-breaking performance to optimism about corporate earnings, steady foreign institutional investments (FIIs), and positive signals from global markets.

Market experts believe the ongoing bullish trend highlights India’s strength despite global economic challenges, making the country an attractive investment destination. As trading continues, investors are closely watching sector-specific developments and policy announcements for further market insights.

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