look news india
Stock Market All Time High: Nifty50 and Sensex have made a great start to the new week in the stock market by registering historic highs. Sensex rose 410.73 points to 74658.95, while Nifty 50 rose 109.25 points to its all-time high of 22623.90. With this the market cap has crossed the level of Rs 400 lakh crore.
As of 10.15 am, a total of 169 shares on the BSE hit year's high, while more than 207 shares hit the upper circuit. 24 shares of Sensex pack are trading up by 3 percent. SBI, Bajaj Finance, Nestle, HDFC Bank, Titan and Wipro are trading with slight losses due to increased profit booking.
The midcap index rose 282.62 points to a record high of 41113.16. 71 stocks traded in the index were trading with gains ranging from 2 percent to more than 10 percent. While 55 shares are trading down by 2 percent.
Banking-Finance, Auto and Midcap also topped the chart.
Growth has also been seen in largecap and midcap stocks. Auto, consumer durables, industrials, telecom, midcap and services indices hit all-time highs, led by stocks including banking, finance and auto. With interest rates remaining unchanged, the realty segment has reached the top of the year with a positive trend.
Q4 corporate results season
This week marks the beginning of the Q4 2023-24 results release season, with investors increasing inflows with a positive outlook. The main focus will be on the results of top IT companies. The sentiment at the local level is positive due to the announcement of positive environment by RBI. At the global level too, market experts are hopeful that foreign investment will increase due to the expectation of cut in interest rates by the Fed. The low top in volatility is suggesting increased buying.