New Delhi: The Sensex on Thursday surged to a new high of 83,590.91, up 642.68 points, or 0.77 per cent, while the Nifty rose to 25,567.90, up 190.35 points, or 0.75 per cent after the US Federal Reserve slashed its policy rate by 50 basis points to 4.75-6 per cent.
NTPC, Axis Bank, and Titan were the top gainers on the 30-share BSE Sensex, while, HCL Tech, Bajaj Finserv, and L&T were the top drags. HDFC Bank, NTPC and Infosys were the top index contributors to the Sensex. Among Nifty sectoral indices, IT and realty were the top gainers.
Among Nifty sectoral indices, IT and realty were the top gainers while banks and auto were top drags. The Sensex on Thursday opened at 83,359.17, while the Nifty was at 25,487.05. The Sensex on Thursday hit a high of 83,773.61 and a low of 83,332.09.
On Wednesday, the Sensex was down 131.43 points, or 0.16 per cent, to 82,948.23 at market closing while the Nifty ended 41 points lower at 25,377.55. IT stocks were among the top drags, with the BSE IT index closing 3 per cent lower on Thursday.
Wall Street indices ended lower after turning green following the US Fed’s rate cut announcement. While the Dow Jones was down 0.25 per cent, S&P 500 was down 0.29 per cent and the Nasdaq was down 0.31 per cent. Among Asian indices, the Nikkei 225 rallied 2.44 per cent and Hong Kong’s Hang Seng Index surged 1.81 per cent. The Shanghai Composite Index rose 0.59 per cent and South Korea’s Kospi was up 0.09 per cent.
Stocks Market Today: The Sensex and NIfty surged to new highs on Thursday buoyed by the US Federal Reserve’s decision to cut the policy rate by 50 bps. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
