APN News

  • Tuesday, May, 2024| Today's Market | Current Time: 10:30:32
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    Continuing their record-breaking spree, equity benchmarks BSE Sensex and NSE sensex_Nifty on Monday closed at new highs, boosting stock wealth by Rs 1 lakh crore, on across-the-board buying enthused by Narendra Modi-led goverment’s investor-friendly economic agenda.

    Overall, 10 out of 12 BSE sectoral indices closed up. Realty, capital goods, power, metal, consumer durable and auto segments led the pack.

    Investor wealth rose to Rs 90.26 lakh crore as 2,300 stocks rose of the over 3,100 traded.

    The Sensex resumed strong on firm Asian cues and improved further to a new intra-day historic high of 25,644.77 before settling at 25,580.21 -also new closing peak- up by 183.75 points or 0.72 per cent.

    In straight three sessions, it has jumped by 774.38 points or 3.12 per cent.

    Bajaj Auto, Coal India and L&T led the 20 Sensex gainers.

    The broader 50-issue CNX Nifty of the NSE also flared up by 71.20 points, or 0.94 per cent, to log its fresh closing high of 7,654.60.

    It touched a new intra-day peak of 7,673.70.

    Addressing a Joint Sitting of Parliament, President Pranab Mukherjee said curtailing food inflation will be Prime Minister Narendra Modi’s top priority as his government pursues broad economic reforms focused on job creation, reviving growth, encouraging FDI and introducing a non- adversarial tax regime.

    Remarks on infrastructure programmes, revamping of railways and enhancing electricity generation capacity also boosted the market sentiment, sending indices to new peaks.

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