Stock Market Today: What drove the Sensex, Nifty 50 to fresh highs- explained with 5 reasons

3 days ago 5

Stock Market Today: Indian banal marketplace benchmarks- the Sensex and the Nifty 50 - clocked steadfast gains connected Wednesday, July 3, hitting their caller grounds highs during the league and ending their time astatine caller closing peaks.

Sensex breached the coveted 80,000 people for the archetypal clip ever, hitting its all-time precocious of 80,074.3 during the session. The Nifty 50 besides scaled its caller highest of 24,309.15.

Sensex yet closed 545 points, oregon 0.69 per cent, higher astatine 79,986.80, portion the Nifty 50 closed 163 points, oregon 0.67 per cent, higher astatine 24,286.50.

The summation was broad-based arsenic the midcap and smallcap indices besides deed their caller highs.

The BSE Midcap scale closed 0.86 per cent higher astatine 46,802.84 aft hitting its caller grounds precocious of 6863.01. The BSE Smallcap scale closed with a summation of 0.86 per cent astatine 53,441.93 aft hitting a caller grounds precocious of 53490.12.

The wide marketplace capitalisation of the firms listed connected the BSE roseate to astir ₹445.6 lakh crore from astir ₹442.2 lakh crore successful the erstwhile session, making investors richer by implicit ₹3 lakh crore successful a azygous session.

Over 330 stocks, including HDFC Bank, Federal Bank, JSW Steel, HDFC Asset Management Company, ICICI Lombard General Insurance Company, Persistent Systems and Zomato, deed their caller 52-week highs successful intraday commercialized connected BSE.
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