Mumbai (Maharashtra): India’s benchmark indices, Sensex and Nifty soared to record high on Monday during the market opening propelled by recent win of the riling Bharatiya Janata Party (BJP) in the crucial state elections apart from robust domestic macroeconomic data and an increased expections of a US rate cut in March.
The Sensex surged by an all-time high of 950.15 points to open at 68,435.34. Simultaneously, the Nifty also marked an all-time high gain of 334.6 points, opening at 20,601.95. Notably, 49 Nifty companies witnessed advances while only one experienced a decline.
At 10:08 am, Sensex was trading 937.16 points higher at 68,418.35, whereas Nifty was trading 286.90 points up at 20,554.80.
Top gainers in the Nifty firms included Adani Enterprises, Adani Ports, LT, SBI, and Bharti Airtel, contributing to the market’s remarkable ascent. However, Britannia stood as the lone loser during the market opening.
As the opening session progressed, the Sensex continued its upward trajectory, surging by 950.15 points to open at 68,435.34, while the Nifty rose by 334.6 points, reaching the level of 20,601.95.
Parallelly, gold prices achieved a historic milestone by surpassing USD 2,100 on Monday, propelled by heightened trader confidence amid expectations of a Federal Reserve interest rate cut in the upcoming year.
(With inputs from ANI)
