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Nifty, Sensex achieve record-high levels in early trades amid fresh momentum in US markets

Sensex gained 299.97 points to take its tally to 63,716, while NSE Nifty reached its peak at 18,908, climbing 90.75 points. The stocks were bolstered by purchasing heavyweight stocks like Reliance Industries and HDFC Bank.

Aveek Banerjee Edited By: Aveek Banerjee New Delhi Published on: June 28, 2023 10:50 IST
Sensex, Nifty hit their record-high levels on Wednesday
Image Source : PTI Sensex, Nifty hit their record-high levels on Wednesday

Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Sensex gained 299.97 points to take its tally to 63,716, while NSE Nifty reached its peak at 18,908, climbing 90.75 points. The stocks were bolstered by purchasing heavyweight stocks like Reliance Industries and HDFC Bank, reported PTIThe US markets had also ended significantly higher on Tuesday.

Companies like Titan, Bajaj Finance, State Bank of India, ITC, Larsen & Toubro, IndusInd Bank, HDFC Bank, Reliance Industries, and more were among the major gainers in the Sensex pack, while Tech Mahindra, Axis Bank, Kotak Mahindra Bank and HCL Technologies lagged behind.

The Indian stock markets were supposed to remain closed on account of Eid-ul-Adha (Bakrid), but a change in policies rescheduled the holiday for the stock markets to Thursday.

(with PTI inputs)

Also read | Tomato prices on rage, cross Rs 100/kg-mark in Delhi, Bengaluru; TN govt announces relief

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