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Published: July 3, 2024
Updated: July 3, 2024

Historic Milestone: Sensex Soars Past 80,000, Nifty Hits Fresh Record High

Market Rally

The Indian stock market achieved a historic milestone today, with the Sensex surging past the 80,000 mark for the first time ever. The 30-stock index hit a record high of 80,039, rising 598 points or 0.75% against the previous close of 79,441.

Sectoral Leaders

Banking, consumer durables, and capital goods shares led the rally, with their indices rising significantly. HDFC Bank, Kotak Bank, ITC, M&M, Bajaj Finance, and Tata Steel were the top Sensex gainers, rising up to 2.42%.

Market Breadth

The market breadth was positive, with 2,208 stocks rising against 840 stocks falling on BSE. 113 shares were unchanged. The market cap of BSE-listed firms climbed to Rs 444.19 lakh crore.

Sectoral Losers

On the other hand, IT shares were the top losers, with the BSE IT index falling 102 points to 37,939. Shares of TCS, Infosys, Sun Pharma, Tech Mahindra, and UltraTech Cement were the top Sensex losers, falling up to 0.74% in early trade.

Previous Session

In the previous session, Nifty fell 18.10 points or 0.07% to end at 24,123.85, while Sensex ended 34.73 points or 0.04% lower at 79,441.46 on Tuesday.

Sensex surging past the 80,000 mark for the first time ever was a historical milestone . The rally was led by banking, consumer durables, and capital goods shares, with positive market breadth indicating a broad-based rally. This milestone reflects the growing investor confidence in the Indian economy and markets, and is a testament to the country's growth potential.