Business news: Among sectoral indices, IT, teck and bankex rose by 1.08 per cent, 0.97 per cent and 0.89 per cent, respectively. On the other hand, utilities lost by 1.72 per cent and power slid 1.58 per cent. Besides, FMCG fell 1.13 per cent, telecommunication declined 0.73 per cent.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
This shift reflects the dynamic nature of the financial markets, responding to various factors influencing investor sentiment.
The Sensex, representing the Bombay Stock Exchange, demonstrated its bullish momentum by achieving an impressive rise of 303.25 points. This surge propelled the Sensex to attain a fresh peak, reaching an impressive level of 69,599.39.
Analysts observe a surge in momentum, attributed partly to the recent victory of the ruling Bharatiya Janata Party (BJP) in key state elections.
As the markets continue to respond to the post-election landscape, the record-breaking performance of Sensex and Nifty underscores the optimistic outlook prevailing in the financial landscape, fueled by both domestic economic factors and the recent political developments.
According to current trends, the Bharatiya Janata Party (BJP) is leading in three states including Madhya Pradesh, Rajasthan and Chhattisgarh impact of which is likely to impact the stock market opening on Monday.
In the early trade, the 30-share BSE Sensex climbed 308.52 points to 67,296.96. Meanwhile, the Nifty was also up by 96.1 points to 20,229.25 points, reaching an all-time fresh high.
In the early trade, the 30-share BSE Sensex climbed 118.2 points to 67,020.11. Meanwhile, the Nifty was also up by 39.55 points to 20,136.15 points.
On the broader market front, the Nifty Midcap 100 and Nifty SmallCap 100 also demonstrated positive momentum, closing 0.81% and 1.06% higher, respectively.
The 30-share BSE Sensex advanced 305.44 points to 66,479.64 in early trade. Meanwhile, the Nifty climbed 103 points to 19,992.70.
The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05.
The closure marks a moment of respect and acknowledgement for the Sikh community, commemorating the birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism.
In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points.
Foreign Institutional Investors (FIIs) were noted to offload equities worth Rs 306.56 crore on Wednesday, according to exchange data.
The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.
The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
In the early trade, the 30-share BSE Sensex fell 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points.
In Asian markets, Seoul and Hong Kong settled lower, while Tokyo and Shanghai ended in the green. European markets were trading with gains. The US markets ended on a mixed note on Thursday.
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