Indian stock markets opened on a positive note on Wednesday, with the benchmark BSE Sensex and Nifty showing significant gains in early trading.
On June 4, the stock market witnessed a steep selloff, resulting in a massive loss of approximately Rs 20 lakh crore within the first 20 minutes of trading.
The Sensex has reached an all-time high just days after experiencing a significant downturn on election counting day on June 4. The surge follows a period of uncertainty and fluctuation, demonstrating the dynamic nature of the stock market in response to political events.
From the Nifty-50 pack, Mahindra & Mahindra, IndusInd Bank, Power Grid and Hero MotoCorp were the major gainers.
Investors are closely monitoring the market dynamics and key developments to assess the trajectory of the stock market throughout the trading day. The positive start augurs well for market participants, with hopes of continued bullish momentum in the trading sessions ahead.
The 30-share BSE Sensex jumped 350.81 points to settle at its lifetime high of 74,227.63. Meanwhile, the broader NSE Nifty also hit its fresh peak of 22,514.65, gaining 80 points.
Riding on the positive global cues, the 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95.
The 30-share BSE Sensex climbed 126.36 points to 72,769.79 in early trade after a weak beginning to the trade. The NSE Nifty went up 20.65 points to 22,044.
In the early trade, the 30-share BSE Sensex gained 139.63 points to 73,642.27. Meanwhile, the Nifty was up by 25.85 points to 22,358.50.
In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
Shares in Japan have tracked gains in other markets driven by expectations for strong demand for technology associated with artificial intelligence.
In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. Meanwhile, the rupee also gained 4 paise to 82.87 against the US dollar in early trade.
Indian stock markets are on a strong upward trajectory, with the Nifty hitting a record high of 22,297 points and the Sensex crossing 73,200 points. Various sectors, including auto, IT, banks, pharmaceuticals, and metals, are witnessing positive trends.
The Sensex and Nifty edged up nearly 3 per cent to 72,627 and 22,103, respectively.
The 30-share BSE Sensex climbed 227.55 points or 0.32 per cent to close at 72,050.38 points. The broader NSE Nifty also gained 70.70 points or 0.32 per cent to end at 21,910.75 points.
The IPO is solely a fresh issue, without any offer-for-sale component, with about 10 per cent of the issue reserved for retail investors.
The BSE sensex was 148.28 points higher, while the NIfty rose by 44 points.
The first phase of the session will commence at 9:15 am from the primary site, and the second phase will start at 11:30 am and conclude at 12:30 pm.
The Sensex fell by 572.92 points, while the Nifty was down 157.50 points.
The Sensex increased by 116.42 points, while the Nifty was 14.80 points higher.
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