The domestic stock market has set a new record on Friday. The stock market has set an all-time high record. A record was made on the last day of the trading week when the Sensex crossed 84 thousand for the first time. This is the best performance so far in the history of the BSE Sensex.
The domestic market started trading with a slight increase. Pressure was seen on the market in the initial session. At 9.15 am, the Sensex opened with a gain of 350 points. At the same time, Nifty also saw a rise of 100 points. Within a few minutes, the Sensex fell by 175 points. The Sensex was trading at 83,370 points during this time. Later, the market made a great comeback.
However, later the Sensex touched its all-time high. Nifty also touched its new record high. The domestic market has gained momentum after the US Federal Reserve cut its interest rate after more than four years along with the rise in global markets. In early deals, the 30-share BSE Sensex jumped 975.1 points to a new record level of 84,159.90 points. The NSE Nifty gained 271.1 points to a new all-time peak of 25,686.90 points. Out of the 30 companies listed on the Sensex, shares of Mahindra & Mahindra, JSW Steel, Maruti, Tata Steel, Larsen & Toubro, ICICI Bank, Power Grid, Nestle, Bharti Airtel and Adani Ports were the biggest gainers.
Only Tata Consultancy Services’ stock declined. In Asian markets, South Korea’s Kospi, Japan’s Nikkei-225 and Hong Kong’s Hang Seng were in profit, while China’s Shanghai Composite was in loss. US markets closed with a positive trend on Thursday. International standard Brent crude fell by 0.29 percent to $ 74.66 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 2,547.53 crore.
