Saturday, February 8th, 2025

Amid boom in stock market, Sensex reaches historic high, crosses 79,000; Nifty crosses 24,000




Today was a historic day for Indian stock markets as the BSE Sensex breached the 79,000 mark and the NSE Nifty breached the 24,000 mark for the first time, setting new records in mid-day trade.

The Sensex rose 470.71 points to 79,159.89, while the Nifty rose 164.10 points to 24,032.90.

The day began on a mild note as the stock market opened flat, initially witnessing a marginal decline after closing at record highs in the previous trading session.

The Sensex opened with a drop of 94.13 points at 78,580.12 while the Nifty opened with a drop of 19.25 points at 23,849.55. Weak cues from Asian markets weighed on the initial market sentiment, which influenced the early trading pattern.

The market witnessed a mixed performance among Nifty-listed companies throughout the morning session, with 21 stocks gaining and 29 declining.

Investors closely monitored sectors ranging from banking and finance to technology and healthcare, contributing to the overall market dynamics.

The crossing of important milestones by both Sensex and Nifty reflects strong investor confidence amid favourable domestic economic indicators and global market stability.

Analysts believe today’s record-breaking performance can be attributed to renewed optimism over corporate earnings, continued foreign institutional investment (FII) and positive cues from global indices.

Market experts suggest that the current bullish trend underlines India’s resilience in the face of global economic uncertainties, positioning the country as a strong investment destination. As trading progresses, market participants continue to track sector-specific developments and policy announcements for more insights on future market trends.

The record-breaking levels achieved by Sensex and Nifty today mark a significant milestone in India’s financial markets, highlighting their role as key drivers of economic growth and investor sentiment.



Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *