The Sensex breaks the 78,000 level for the first time, and the Nifty reaches a new record high. -
The Sensex breaks the 78,000 level for the first time, and the Nifty reaches a new record high.
Posted 25 Jun 2024 04:18 PM

Image Source: J & K

Benchmark Sensex penetrated the noteworthy 78,000 level interestingly while Clever settled at another record high on Tuesday on purchasing in blue-chip bank stocks and Dependence Ventures in the midst of firm patterns in Asian business sectors.
The BSE Sensex, which is made up of 30 shares, gained 712.44 points, or 0.92%, to reach a new closing high of 78,053.52. During the day, the benchmark took off 823.63 focuses or 1% to hit a new lifetime high of 78,164.71.
The Clever went up by 183.45 focuses or 0.78 percent to settle at a record shutting pinnacle of 23,721.30. It reached a new all-time high of 23,754.15, rising 216.3 points, or 0.91%, during the day. Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra, Larsen & Toubro, Bajaj Finserv, State Bank of India, Reliance Industries, and Infosys were the most successful of the 30 Sensex companies.
Among the laggards were Power Grid, Asian Paints, Tata Steel, Nestle, Maruti, and JSW Steel. Shanghai ended lower, while Seoul, Tokyo, and Hong Kong settled higher in Asian markets. European business sectors were exchanging the negative domain. On Monday, the US market closed on a mixed note. The Reserve Bank of India reported on Monday that India's current account surplus for the March quarter was USD 5.7 billion, or 0.6% of GDP. This is the first time in quite a while that the essential measurement of the country's outside strength has transformed into surplus mode. “The market views the current account turning surplus in Q4 FY24 as positive news. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, "This will take away the pressure on the rupee and paves the way for FII inflows when clarity emerges on the Fed rate cuts." Brent crude, the global standard for oil, fell 0.44 percent to USD 85.63 per barrel. According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth Rs 653.97 crore on Monday. The BSE benchmark finished 131.18 focuses or 0.17 percent higher at 77,341.08 on Monday. The Nifty rose 36.75 points, or 0.16%, to 23,537.85 at the close.

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