Sensex, Nifty hit fresh all-time high levels in early trade
The Hindu
Sensex, Nifty updates on September 23, 2024
Domestic equity indices Sensex and Nifty scaled their new record high levels in early trade on Monday (September 23, 2024) helped by strong foreign fund inflows and rally in Asian markets.
The 30-share BSE Sensex jumped 318.58 points to hit an all-time high of 84,862.89. The NSE Nifty surged 120.75 points to reach a new record high of 25,911.70.
From the 30 Sensex firms, Mahindra & Mahindra, Bharti Airtel, NTPC, State Bank of India, Kotak Mahindra Bank, Adani Ports, Tata Steel and Tata Motors were the biggest gainers.
ICICI Bank, HCL Technologies, JSW Steel and ITC were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth ₹14,064.05 crore on September 20, according to exchange data.
"The charging bull got a shot of steroids from the Fed when it cut interest rates by 50 bps on September 18th. More than the rate cut, it was the Fed chief’s optimistic commentary that lifted the markets sharply," V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
In Asian markets, Seoul, Shanghai and Hong Kong were trading higher.
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