Indian Markets Achieve Fresh Peak as Sensex Advances 440 Points
Indian markets reached unprecedented heights in yesterday's trading session, with the Nifty achieving a lifetime peak. The BSE Sensex gained 440.33 points, settling at 72,085.63, with an intraday high of 73,089.40. The Nifty rose by 156.35 points to 21,853.80, and hit an all-time high of 22,126.80.
Major gainers in the Nifty 50 included Reliance Industries, Infosys, Tata Consultancy Services, Power Grid, and Wipro. This upswing was despite the dip experienced on the Budget day. This resilience demonstrates the market's adaptability to external factors and underscores its resilience.
Additionally, Alkyl Amines Chemicals announced that its new Ethyl Amines plant in Kurkumbh, Maharashtra, is fully operational. Panvel Petrochem stocks fell 1.48% on the NSE after reporting a decrease in net profit for the quarter ending December. Goodluck India Ltd reported a 72.54% surge in standalone net profit, reaching ₹31.75 crore for the quarter ending December.
Overall, the market sentiments remain positive, with the global markets echoing optimism and Asian markets trading higher. European markets traded in the green, while the US markets closed with substantial gains on Thursday. Investors will be keeping an eye on the quarterly results of major companies, which are expected to reflect the resilience of the market.