Sensex At Record High

Stock Market News: The BSE Sensex soared 1,500 points today to hit a fresh record high of 84,694.5 intraday. The Nifty50, too, saw robust gains of 433 to it a new high of 25,849

The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days

Analysts believe there is more room for an upside going ahead, but investors need to be patient as it will not be a runaway rally for the markets from here on.

The share price of RVNL rose after the it announced that the company has emerged as the lowest bidder (L-1) for a project from East Coast Railway worth Rs 160 crore.

The benchmark Sensex hit a new all-time high of 76,738.89, while the Nifty50 surpassed the 23,300-mark to reach 23,338.70

Bharat Electronics, Larsen & Toubro, Hindustan Aeronautics, CG Power, Bharat Heavy Electricals and Schaeffler India have rallied between 7% and 9% in intra-day trade

Stock Market Highlights on May 27, 2024: Among sectors, the Nifty PSU Bank index gained over 1 per cent, and the Nifty Bank 0.6 per cent

ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index

Analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under president-elect Joe Biden's administration, providing a tailwind for domestic equities

Among stocks, HDFC twins, Reliance Industries (RIL), TCS, Infosys and Hindustan Unilever (HUL) emerged as the biggest contributors to the index's gains

ICICI Bank, HDFC Bank, L&T, IndusInd Bank, Reliance Industries (RIL) and ITC contributed the most to the S&P BSE Sensex's gains.

The surge in FII flows is seen as the key reason behind the market's seventh straight weekly gain

Foreign inflows have seen a resurgence as global funds purchased a net $8.4 billion of Indian shares in the first three months of the year

Foreign inflows have seen a resurgence, given global funds purchased a net $7 billion of Indian shares in the first three months of 2019

Sensex slips after scaling new high

According to experts, investors widened their portfolios amid hopes of a win for the incumbent NDA government, following the announcement of 2019 general election dates Sunday

With Monday's rally, the Indian markets cemented their position as the best-performing Asian market.

The index took just nine trading sessions to move from 37,000 to 38,000

Capping a week of "dream run", the Sensex closed above the 37,000-mark for the first time on Friday

Analysts say the up move in the benchmark indices has been on account of a rally in only a clutch of stocks, which they feel is a cause for concern