Skip to content BSE Sensex and NIFTY 50 – December 28-2023
Reuters – India stock market witnessed a notable climb, with the BSE Sensex increasing by 172.7 points, a gain of 0.2%, reaching a new high of 72,211.1. This marked the second consecutive day of record-setting performance. Concurrently, the NIFTY 50 also soared, achieving an unprecedented peak at 21,707.6. Investors remained optimistic, buoyed by the previous day’s surge on Wall Street. This upbeat sentiment stemmed from the expectation that the Federal Reserve might reduce interest rates as early as next March.
Amidst the positive global cues, such as the decline in US Treasury yields, and encouraging local data, traders in India’s stock market showed a robust trend. The final trading day on Friday is eagerly awaited. The surge was led by the metals sector, closely followed by financial services, banking, and the automobile industry. Key contributors to this rally were Coal India with a 2.4% gain, HeromotoCorp up by 2.1%, Mahindra & Mahindra increasing by 1.2%, Titan rising by 1.1%, and Apollo Hospitals also up by 1.1%.
Furthermore, shares of IDFC and IDFC First Bank experienced a slight increase, 0.1% and 0.3% respectively, following the Reserve Bank of India’s approval of their reverse merger. This news added to the positive momentum in the Indian stock market, particularly in the bse sensex and NIFTY 50 indices.
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