Sensex closes above record level of 62000
BSE Sensex has reached a historic record high due to excellent buying in banking, IT and FMCG stocks. For the first time in the history of the Indian stock market, the Sensex has closed beyond the figure of 62000. Also in today’s trading session, Bank Nifty has also closed at a historical record high due to the spectacular rally in banking stocks. At the end of trading on Thursday, the Mumbai Stock Exchange’s Sensex closed at 62,272 with a gain of 762 points and the National Stock Exchange’s Nifty closed at 18484 with a jump of 216 points.
Sector wise Outlook
Tremendous growth was seen in the shares of all sectors like Banking, IT, FMCG, Energy, Metals, Infra in the stock market. But the Bank Nifty has reached record high. Bank Nifty crossed 43000 for the first time and closed at 43075. Buying was also seen in major IT stocks, Nifty IT has closed at 30,178 points with a jump of 773 points. Only the consumer durables sector saw a decline in its stock. Of the 50 Nifty stocks, 43 closed with gains, while only 7 declined. Whereas, out of 30 Sensex stocks, 26 closed with gains and four closed in the red.
Bullish stocks
When the market closed at a record high, if we look at the stocks that gained momentum, Infosys 2.93%, HCL Tech 2.59%, Power Grid 2.56%, Wipro 2.43%, Tech Mahindra 2.39%, TCS 2.05%, HDFC 1.99%, HUL closed with a gain of 1.69 percent, HDFC Bank 1.68 percent, Sun Pharma 1.58 percent.
Falling stocks
Of the 30 Sensex stocks, the only four stocks that declined were Tata Steel 0.14 per cent, Bajaj Finserv 0.11 per cent, Bajaj Finance 0.10 per cent, Kotak Mahindra 0.09 per cent.
