sensex-crosses-79-000-mark

The domestic benchmark indices, Sensex and Nifty 50, soared to fresh record highs for the third consecutive session on Thursday, propelled by key heavyweights.

In today's trading, the Nifty 50 surged past the 23,900 mark for the first time, reaching an all-time high of 23,974 points, inching closer to the 24,000 milestone. Simultaneously, the Sensex crossed the 79,000 threshold, achieving a new lifetime high of 79,013 points.

Notable performers among the Nifty 50 constituents included UltraTech Cement, Grasim Industries, Reliance Industries, ICICI Bank, and Axis Bank, each hitting new 52-week highs. Cement stocks were particularly strong, with UltraTech Cement climbing 4.3% and Grasim Industries advancing 2.6%.

Overall, 19 out of 50 Nifty constituents traded in the green, with gains ranging from 0.1% to 4.3%.

“Key heavyweights continue to push the benchmark index higher to achieve new targets. We remain positive on the market and advise traders to maintain a positive bias and use any dips as a buying opportunity,” said Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One.

Despite starting the session with gains on the day of the monthly derivatives' expiry, both the Sensex and Nifty 50 experienced some losses due to profit-booking in early trade.

Meanwhile, the Nifty Bank index also hit a fresh high, crossing the 53,000 mark and continuing its winning streak for the fourth day in a row.