BSE Sensex and Nifty50 touched a record highs following reports Indian economy growth by 8.4% in Q3. Sectors like Nifty Auto, Nifty Metal, PSU Bank, and Oil & Gas surged. Global markets were upbeat. US inflation data and foreign investor buying supported the market rally.
AMN
Amid reports of strong Q3 GDP and positive US inflation data BSE Sensex surged over 1,200 points to fresh record high of 73,574. Its NSE counterpart Nifty50 also hit a new peak as it topped 22,300 mark for the first time. The market capitalisation of all listed companies on BSE increased by Rs 3.23 lakh crore to Rs 391.18 lakh crore.
Tata Steel was the lead winner on the BSE benchmark, rising nearly 7 per cent, followed by L&T, JSW Steel, Titan, ICICI Bank, IndusInd Bank, SBI, Tata Motors, Axis Bank, NTPC, Ultratech Cement, Maruti Suzuki, and RIL (up 1.7 per cent).
In the broader markets, the BSE MidCap and SmallCap indices underperformed the frontline indices as they capped their gains at 0.9 per cent.
Among sectors, the Nifty Metal zoomed 3.7 per cent, the Nifty PSU Bank, Private Bank, Bank, Auto indices over 2 per cent, and the Nifty Realty 0.7 per cent. The Nifty Media, IT, and Pharma indices slipped up to 0.9 per cent.