Nifty breaches 19,000 mark, Sensex clocks new all-time high
Domestic indices Sensex (BSE) and Nifty (NSE) rose to an all-time high on Wednesday, as the former breached the 64,000 mark, while the latter jumped above 19,000. Gains in oil, gas, and financial stocks are pushing the market indices higher. Notably, Sensex reached its previous high on June 21 (63,588.31 points), while Nifty did so on December 1, 2022 (18,887.6).
Who are the top contributors to the indices?
The positive contributors to the Nifty index on Wednesday, included stocks such as Adani Enterprises (up 3.92%), Adani Ports (up by 3.41%), JSW Steel (up 3.12%), NTPC (up by 2.36%), and Tata Motors Ltd (up 2.33%). Meanwhile, the top gainers on Sensex are EPL (up 6.94%), ICIL (up 7.18%), Kitex (up by 9.13%), and Sindhu Traders (up by 4.69%), and BCG (up 4.97%).
Who are the biggest losers?
On NSE, the biggest losers were Hero MotoCorp (down 0.74%), HDFC Life (down 0.66%), Kotak Bank (down 0.28%), Tech Mahindra (lower by 0.48%), and Wipro (down by 0.33%). Meanwhile, the BSE's biggest losers are HCC (down 3.1%), Rain (down 3.12%), IOLCP (lower by 2.9%), RTN Power (down 2.95%), and Sardaen (down 2.84%).
A few facts about Nifty's movement
Nifty took 142 trading sessions to surpass its previous high of 18,887.6 points attained on December 1, 2022. It hit a low of 16,828 points earlier this year, and over the past three months climbed 2,000 points, surging 12.4%.
What about the banking sector?
India's banking index of the stock market, the Bank Nifty opened above 44,400. It is currently trading 1.63% or 713 points higher, at 44,354.05. The top gainers on this particular index include stocks such as HDFC Bank, SBI, IndusInd Bank, ICICI Bank, and Axis Bank. Kotak Bank, Federal Bank, and Bank of Baroda stand as the losers today.
Metal stocks are witnessing upward movement
Nifty Metal has climbed by 125.3 points or 2.06% to 6,208.4 points. The biggest gainers on the index are Adani Enterprises, JSW Steel, Ratnamani Metals & Tubes, Tata Steel, and Coal India.
