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  5. Stock market update: Nifty hits all-time high, Sensex crosses 73,200 mark

Stock market update: Nifty hits all-time high, Sensex crosses 73,200 mark

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.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: February 23, 2024 11:18 IST
Image Source : FILE Business stock exchange building.

Indian stock markets continue to witness a robust uptrend. As trading commenced on Friday, the Nifty surged to touch its all-time high of 22,297 points. At the time of reporting, the BSE Sensex was trading at 73,284 points, up by 126 points or 0.17%, while the NSE Nifty was trading at 22,252 points, marking a gain of 34 points or 0.16%.

Positive trends across sectors

A significant number of shares are showing a bullish trend, including those from the auto, IT, PSU banks, financial services, pharmaceutical, and metal sectors. Mid-cap and small-cap shares are also witnessing a surge, with both indices trading with a half-percent gain.

Stocks on the rise

Several prominent stocks are witnessing increased buying activity. Notable gainers in the Sensex pack include Titan, Bajaj FinServ, Tech Mahindra, Vipro, JSW Steel, HDFC Bank, IndusInd Bank, HUL, Reliance, Tata Steel, TCS, Tata Motors, SBI, Kotak Mahindra, Bajaj Finance, Infosys, and HCL Tech. Meanwhile, stocks such as Bharti Airtel, Asian Paints, HDFC, Maruti Suzuki, Power Grid, Axis Bank, ICICI Bank, L&T, Sun Pharma, UltraTech Cement, Nestle, and M&M are witnessing a decline.

Global market trends

Global markets are also experiencing significant bullish trends. Markets in Tokyo, Shanghai, Taipei, Bangkok, and Seoul are trading with gains. However, the Jakarta and Hong Kong markets are witnessing a decline. In the United States, markets saw a robust uptrend on Thursday, with the Dow Jones trading up by 1.18%.

Alsor read | Closing market update: Sensex jumps over 500 points, Nifty hits fresh all-time high


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