By Koustav Das: The day just keeps getting better for investors on Dalal Street as the benchmark stock market indices have not only registered fresh record highs, but have also scaled fresh peaks.
The S&P BSE Sensex crossed 64,000 after rising over 1,000 points, while the NSE Nifty 50 hit a fresh all-time high of over 19,000. Broader markets also gained sharply despite the rising volatility.
The mood on Dalal Street was lifted by strong deals, including the one involving GQG Partners and other investors buying additional stake worth $1 billion in Adani Group companies.
The benchmark indices were supported by gains in metals, banks, financials, consumer products, auto, pharma and energy stocks. Nifty Pharma was the top gainer among Nifty sectoral indices.
The strong rally has boosted the Bombay Stock Exchange’s market capitalisation by more than Rs 1.84 lakh crore, reflecting the gains made by investors during the trading session.
The top five gainers on the Nifty 50 were Adani Enterprises, Adani Ports, JSW Steel, NTPC and Tata Motors. On the other hand, the top losers were HDFC Life, Hero MotoCorp, Wipro, Tech Mahindra and Kotak Mahindra Bank.