Key Indian equity indices on Wednesday surged to record high levels, with the barometer 30-scrip Sensitive Index (Sensex) of the BSE closing above 35,000-mark and the NSE Nifty50 above 10,800-level intra-day -- both for the first time.
According to market observers, optimism around quarterly corporate earnings, along with a surge in banking, capital goods and healthcare stocks, lifted the equity indices to fresh highs.
The wider Nifty50 of the National Stock Exchange, which scaled a record high of 10,803 points intra-day, augmented by 88.10 points or 0.82 per cent, to provisionally close (at 3.30 p.m) at 10,788.55 points.
The Bank Nifty recorded a fresh high of 26,328.40 points during the intra-day trade.
On the BSE, the Sensex closed firm at 35,081.82 points -- up 310.77 points or 0.89 per cent from its previous session's close -- after touching a new intra-day high of 35,118.61 points.
The BSE market breadth turned bullish marginally as 1,458 stocks advanced against 1,443 declines.
On Tuesday, the benchmark indices closed in the negative zone as sentiments were dampened by higher crude oil prices as well as the country's widening trade deficit.
The Nifty50 fell by 41.10 points, or 0.38 per cent, to close at 10,700.45 points, while the Sensex closed at 34,771.05 points -- down 72.46 points or 0.21 per cent.
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest economy.
Sensex gains more than 300 points
BSE Sensex gained more than 300 points on Monday as geopolitical tensions eased and crude oil prices declined.
Direct tax collections shoot past budget target by Rs 1.35 lakh cr in 2023-24
The net direct tax collections, comprising corporate tax and personal income tax shot up to Rs 19.58 lakh crore in 2023-24, compared to Rs 16.64 lakh crore in the preceding financial year, representing a double-digit increase of 17.7 per cent.
Elon Musk confirms not coming to India amid crucial Tesla quarter results
Elon Musk, on Saturday, confirmed that he will not visit India this month amid crucial Tesla quarterly results and will possibly visit the country later this year to announce his investment plans.
How Adani Ports unlocked growth potential of India's seaports after acquisitions
India's largest private port operator, Adani Ports and Special Economic Zone Ltd (APSEZ), announced earlier this month that it handled a record 420 MMT (million metric tonne) cargo in FY24 (including international ports), setting a new milestone in its journey.
Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict
Intraday, the benchmarks declined nearly 1 per cent amid investor concerns that the West Asia turmoil might escalate to a war. During the day, the Nifty slipped as much as 0.99 per cent to 21,777.65, while the Sensex fell 0.93 per cent to 71,816.46 before bouncing back.
Congress in Tripura blocks rail stations to protest police fired-killing of 5 farmers in MP
The firing on Tuesday came during raucous protests to demand better crop prices in the drought-ravaged region that saw one farmer suicide every five hours in the past two years.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.