Sensex, Nifty Close at Record Highs on Fourth Consecutive Session Boosted by Energy and Bank Stocks
The Indian stock market closed at record highs on Monday, with the Sensex rising 66.14 points to 73,872.29 and the Nifty increasing 27.20 points to 22,405.60. The gains were driven by energy and bank stocks, as well as a rally in Asian markets. Moody's raised India's growth forecast to 6.8% for 2024. NTPC, Power Grid, and Reliance Industries were among the top gainers, while JSW Steel and Tata Steel lagged. Foreign investors sold equities worth Rs 81.87 crore on Saturday.
The BSE Sensex settled at 73,872.29, up 66.14 points, or 0.09%, while the Nifty 50 closed at 22,405.60, up 27.20 points, or 0.12%. Among the top gainers were NTPC, Power Grid, Reliance Industries, Bajaj Finserv, and Axis Bank. JSW Steel, Mahindra & Mahindra, Tata Steel, UltraTech Cement, Infosys, and Titan were among the losers.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all closed higher. European markets were mixed, with the US markets ending higher on Friday. Brent crude rose to $83.80 a barrel.
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