Sensex jumps 666 points to record high, Nifty closes above 26,200 on global stocks rally
The Hindu
Benchmark Sensex hits record high, rallying 666 points on auto and banking shares amid global market gains.
Benchmark Sensex rallied 666 points to close at a fresh record high on Thursday (September 26, 2024) following buying in auto and banking shares amid gains in global markets.
The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at a record high of 85,836.12 amid monthly expiry in the derivatives segment. As many as 28 Sensex stocks advanced and two declined.
During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent. The benchmark is just 69.57 points away from the 86,000-peak.
Rallying for the sixth day in a row, the NSE Nifty climbed 211.90 points or 0.81 per cent to close at a record high of 26,216.05. During the day, it soared 246.75 points or 0.94 per cent to hit a fresh intra-day lifetime peak of 26,250.90.
From the 30 Sensex firms, Maruti jumped nearly 5 per cent. Tata Motors, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, JSW Steel, UltraTech Cement, Bajaj Finance and Nestle were the other big gainers.
Larsen & Toubro and NTPC were the laggards.
"China's recent economic stimulus announcement has greatly enhanced investor confidence, resulting in significant positive momentum in global markets, especially within Asian indices. Moreover, the market is maintaining an optimistic outlook in response to stable US economic data,” Vinod Nair, Head of Research, Geojit Financial Services said.
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