Wednesday, July 17, 2024

Sensex Tops 79K, Nifty Hits 24,000 As RIL, IT Stocks Extend Bull Run On D-Street | Pragativadi | Odisha News, Breaking News Odisha, Latest Odisha News – N.F Times

New Delhi: Indian benchmark indices scaled new highs during the trading session on Thursday, amid the monthly expiry of the F&O contracts for the June series.

NSE’s barometer Nifty50 index pierced the 24,000 mark for the first time, while BSE’s 30-share pack Sensex scaled 79,000 levels during the day.

NSE’s Nifty50 index rallied 146.45 points, or 0.60 per cent, for the day to climb 24,015.25-levels, while BSE Sensex surged more than 512 points to new highs of 79,186.93 for the day. However, broader markets underperformed the headline indices as BSE midcap and smallcap indices were trading marginally higher.

On a sectoral front, the Nifty IT index was the standout leader, followed by the Nifty oil & gas, healthcare and FMCG indices. On the contrary, profit booking was seen in PSU Bank and auto counters. Realty and media counters were also trading in red.

Buying in the index heavyweights like Reliance Industries, HDFC Bank, ICICI Bank, Ultratech Cement, Tata Consultancy Services (TCS) and Infosys lifted the headline indices to their new highs. On the contrary, Maruti Suzuki, Shriram Finance, Larsen & Toubro (L&T) and Sun Pharma were the key laggards on the index.

BSE Sensex has surged more than 7,100 points from its lows on June 4, when the general election results were announced. Similarly, Nifty50 has zoomed more than 2,130 points from its election results day’s close. Both the indices have gained nearly 10 per cent in the last three weeks.

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