Mumbai: In a historic high, the BSE Sensex on Friday crossed the 60,000-mark while Nifty was just about 50 points below 18,000 as the bull run continued on the Indian stock market on the back of easy liquidity.
The Dalal Street was overjoyed with the Sensex hitting above 60,000.
Both the 50,000-mark and the 60,000 level were breached on the bourses in 2021. Since 1991, the last 31 years saw the Sensex soaring from 1,000 to 60,000.
On the last trading day of this week on Friday, the market opened on a high note amid positive global cues, as a favorable Federal Open Market Committee (FOMC) meeting outcome continued to inspire investors. The BSE’s rally was led by IT and financial sectors, including heavyweights like HDFC Bank.
The BSE Sensex opened at 60,158.76. At 9:21, am, it was trading at 60,289.44, up 404.08 points or 0.67 percent, after hitting a new record high of 60,333.00. It also hit an intraday low of 60,141.20.
The Nifty 50 was trading at 17,934.95, up 112.00 points or 0.63 percent after opening at 17,897.45. It hit an intraday high of 17,947.65 and a low of 17,890.80.
Infosys, HCL, TCS, Asian Paints, and HDFC Bank were the top gainers on the 30-share Sensex, while Kotak Bank, Reliance, HDFC, Axis Bank, and Bajaj Finserv were the top laggards.
Foreign Institutional Investors (FIIs) were key sellers in the market on Thursday, selling shares worth Rs.357.93 crore, while Domestic Institutional Investors (DIIs) were the net buyers, buying shares worth Rs. 1,173.09 crore.
The rally remained broad-based as midcaps and small-caps also gained. The S&P BSE Midcap was up 0.41 percent, while the S&P BSE Smallcap was up 0.70 percent.
(VP)