look news india
Stock Market Today Update: Globally, the stock market has seen a rise with positive signals. The Sensex is trading with a gain of more than 300 points in the afternoon trading session. Nifty 50 also reached a new record high.
As the possibility of interest rate cut by the US Fed Reserve strengthened, the buying pressure in IT stocks increased in the domestic market. Due to which Nifty reached an all-time high of 25126.50. Which was trading at a jump of 104.50 points at 2.25 pm. At the same time, the Sensex was trading at a gain of 288.03 points. Which managed to cross the level of 82000 again after more than 22 trading sessions. On August 1, the Sensex reached an all-time high of 82129.49.
Nifty IT index hits new record high
Nifty IT index hit a new record high of 42712 on the back of a rally in IT stocks. On the other hand, midcap and smallcap stocks witnessed a decline. Nifty IT (2.28 per cent), Nifty Pharma (0.82 per cent), Nifty Healthcare (0.93 per cent) were trading higher. Selling pressure was seen in PSU and FMCG stocks.
