New Delhi: The Indian stock market indices Sensex and Nifty surged to unprecedented levels, buoyed by a strong rally in Asian markets and notable gains in key stocks like Reliance Industries and ICICI Bank on Wednesday.
In late morning trading, the 30-share BSE Sensex climbed 430.03 points to reach a new peak of 78,483.55. Simultaneously, the broader Nifty rose by 104.45 points, hitting a fresh record of 23,825.75.
Leading the charge on the Sensex were UltraTech Cement, Reliance Industries, IndusInd Bank, Hindustan Unilever, Kotak Mahindra Bank, and ICICI Bank. On the flip side, Tata Steel, Mahindra & Mahindra, Titan, and JSW Steel lagged behind. Asian markets in Seoul, Tokyo, Shanghai, and Hong Kong mirrored gains, reflecting positive sentiment from US markets, which closed mostly higher on Tuesday.
Brent crude, the global oil benchmark, edged up 0.45 percent to USD 85.39 per barrel. Foreign Institutional Investors (FIIs) continued to show strong interest, injecting Rs 1,175.91 crore into Indian equities on Tuesday.
On the previous trading day, the BSE benchmark surged 712.44 points to settle at a new closing high of 78,053.52, while the Nifty ended up 183.45 points at a record closing level of 23,721.30. The ongoing bullish trend in the Indian stock market underscores growing investor confidence amid positive global economic indicators and robust corporate performance.
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