Indian markets rise on the back of positive global cues
After the positive signals from the global market, the Indian stock market saw a rise on Friday, the last trading day of the week. The Sensex closed at 61,795 for the first time, up 1181 points or 1.95%. Nifty also saw a rise of 321 points or 1.78%. It closed at 18,349. With this bullish market has reached near to life time high.
On intraday basis, the all-time high of Sensex is 62245.43 and the all-time high of Nifty is 18,543.15 which it made on 18 October 2021. However, on the closing basis, the Sensex has made a new all-time high today. Earlier, the Sensex closed at the level of 61,766 on 18 October 2021. The all-time high of Nifty on a closing basis is 18,477.
On the other hand, Bank Nifty has made a new life time high of 42,345.50 today. If this rally continues in the market, then next week new records can be made in the market.
HDFC twins gain big
Of the 30 stocks on the Sensex, 22 closed in the green. The biggest gain was seen in HDFC and HDFC Bank. They closed up around 6%. Good buying was also seen in IT stocks today. Infosys climbed 4.51% to 1570. TCS, HCL Tech, Wipro, Tech Mahindra saw gains over 3%.
Reliance Industries and Tata Steel gained over 2%. On the other hand food aggregator Zomato reported strong September quarter results resulting in a jump in its shares.
