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Sensex Hits All-Time High, Nifty Trades Higher Amid Weak Global Sentiment

Sensex Hits All-Time High, Nifty Trades



In light of weak global sentiment, the Sensex and Nifty, two key equity benchmarks, were trading higher on Wednesday. The S&P BSE Sensex rose by 230 points to reach 63,558, while the NSE Nifty traded at 18,864, up 47 points.

 

The Sensex reached an all-time high after 137 trading sessions, surpassing the previous record set on December 1, 2022, at 63,583.10.

 

Leading gainers on the Sensex included PowerGrid, L&T, HUL, HDFC Bank, Wipro, and HDFC, while Sun Pharma, Tata Motors, Tata Steel, Asian Paints, Bajaj Finance, and Axis Bank were among the losers. Specific stocks like Shriram Finance and Piramal Enterprises experienced a 10 percent upper circuit due to significant equity transactions.

 

the Sensex and Nifty, two key equity benchmarks, were trading higher on Wednesday. The S&P BSE Sensex
Stock Market Today: Positive global cues might boost investor sentiment.


The broader markets also witnessed positive movement, with the S&P BSE MidCap and SmallCap indices rising by 0.97 percent and 0.7 percent, respectively. The realty sector emerged as a leader, while the metals sector faced losses.

 

Internationally, markets were bullish despite sluggish global growth, with many markets reaching 52-week highs. Asian markets showed mixed trends, with Tokyo in the green and Seoul, Shanghai, and Hong Kong trading lower. The US markets closed on a downward note.

 

On the currency front, the rupee slightly weakened against the US dollar, settling at 82.10. It was attributed to the strong dollar, foreign fund withdrawals from domestic equities, and the rise in crude prices.

 

the Sensex and Nifty, two key equity benchmarks, were trading higher on Wednesday. The S&P BSE Sensex
Sensex saw a swing of over 300 points in intraday trade


Analysts highlighted the global rally and corrected discounting from the previous year when markets anticipated a US recession that did not materialize. The bullish trend in markets can be attributed to indications that the US may avoid a recession.

 

Overall, the Indian stock market experienced positive momentum amidst weak global sentiment, with the Sensex hitting a new record high and various sectors displaying mixed performance.

 

 

 

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