NIFTY made new high at 22,697, Sensex up by 480 points
Upstox
2 min read • Updated: April 8, 2024, 2:14 PM
Summary
After RBI’s status quo on bi-monthly policy markets move ahead to new highs. The index heavyweights are lifting the market higher in Monday’s trade.
The NIFTY 50 and BSE Sensex hit new record highs on Monday amid high optimism around earnings and a buoyant economic outlook for the country. The NIFTY 50 touched a new high of 22,697, up by 0.66%; at the same time, the BSE Sensex too touched a new record high of 74,869.
The rally in the market is largely led by stocks from Oil & Gas, Automobile and Financial Services, which includes stocks like Reliance (+1.83%), M&M (+3.3%), Maruti (+3.4%), L&T (+1.04%) for the day.
On the sectoral front, NIFTY Auto (+1.9%) and NIFTY Realty (+1.8%) are the top gainers, while NIFTY PSU bank (-0.7%) and IT(-0.5) are the top losers in the mid-market session on Monday.
The broader indices are trading mixed on Monday as the NIFTY smallcap 100 is trading higher by 0.5%, while the NIFTY midcap 100 is trading 0.2% lower on Monday. The NIFTY smallcap 100 is also nearly 300 points away from its previous lifetime high of 16,691.
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