๐ Sensex Today: Sensex reaches new record high, crosses 71,000 mark for the first time. Nifty also climbs to a new high.
๐ Market Closing: Sensex ends at 71,483 points with a gain of 969 points. Nifty closes at 21,449 points, up by 266 points.
๐ Stock Performance: Out of the 30 stocks in Sensex, 22 witness growth while 8 experience a decline.
๐ฐ Positive Global Markets: Indian share market receives a boost from positive global trends and continued foreign investments.
๐ Morning Surge: Sensex opens at 70,804.13 points and quickly surges to a new high of 71,084.08 points, gaining 569.88 points.
๐ต Market Capitalization: BSE-listed companies achieve a record high market capitalization of โน357 lakh crore.
๐ป IT Sector Rally: IT stocks witness a strong rally in the market due to increased buying. Nifty IT Index closes at 35,782 points, up by 1,560 points.
๐ฆ Sector Performance: Banking, Metal, Energy, Infrastructure, Oil and Gas, and Consumer Durables sectors show positive growth. Auto, FMCG, Real Estate, Media, and Healthcare sectors close with losses.
๐ผ Midcap and Smallcap Stocks: Midcap and Smallcap stocks also end the day on a positive note.
๐ฆ Impact of US Federal Reserve: Market receives a boost from the US Federal Reserve’s soft stance on interest rates. Banking and IT sectors expected to benefit from demand-driven improvements.
๐ Global Market Impact: Positive market sentiments seen in both domestic and global markets.
๐น Repo Rate Unchanged: No change in repo rate provides further support to domestic share markets.
[HTML H3] Sensex Today: Breaking Records and Surging Ahead
[HTML BOLD] The Indian stock market witnessed a historic moment on Friday, December 15, as the Sensex crossed the 71,000 mark for the first time. The Nifty also reached a new high, reflecting the positive momentum in the market.
[HTML BOLD] The Sensex closed at 71,483 points, with a significant gain of 969 points, while the Nifty closed at 21,449 points, up by 266 points. The market saw a mix of gainers and losers, with 22 stocks experiencing growth and 8 witnessing a decline.
[HTML BOLD] The positive trend in global markets and continued foreign investments have contributed to the boost in the domestic share market. The market opened at 70,804.13 points and quickly surged to a new high of 71,084.08 points, gaining 569.88 points.
[HTML BOLD] The market capitalization of BSE-listed companies also reached a record high of โน357 lakh crore, reflecting the overall growth and investor confidence.
[HTML BOLD] The IT sector witnessed a remarkable rally, with the Nifty IT Index closing at 35,782 points, up by 1,560 points. This surge in IT stocks is evident in the past two days, with a gain of 2,500 points.
[HTML BOLD] While sectors like banking, metal, energy, infrastructure, oil and gas, and consumer durables showed positive growth, sectors like auto, FMCG, real estate, media, and healthcare closed with losses.
[HTML BOLD] The positive market sentiment can be attributed to the soft stance on interest rates by the US Federal Reserve. This has provided a boost to the banking and IT sectors, as they anticipate demand-driven improvements.
[HTML BOLD] Overall, the domestic share market, along with global markets, is experiencing a positive trend, thanks to various factors such as record-breaking milestones, foreign investments, and the US Federal Reserve’s policies.
[HTML BOLD] With no changes in the repo rate, the domestic share market continues to receive support, further boosting investor confidence.
[HTML H3] In Short
[HTML BOLD] The Sensex reaching a new record high of 71,000 points is a significant milestone for the Indian stock market. The positive trend in global markets and foreign investments have played a crucial role in this achievement. The IT sector has been one of the major contributors to the market’s growth, with a remarkable rally in the past two days. While some sectors witnessed losses, overall market sentiment remains positive. The US Federal Reserve’s soft stance on interest rates has provided an additional boost to the banking and IT sectors. The repo rate remaining unchanged further supports the domestic share market. As we move forward, it will be interesting to see how the market continues to perform and whether it can sustain this upward momentum.
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