Stock Market Today: BSE Sensex Crosses 77,000 Mark, Hits Lifetime High

Stock Market Today: BSE Sensex Crosses 77,000 Mark, Hits Lifetime High

The Indian stock market witnessed a historic milestone today, with the benchmark BSE Sensex surging past the 77,000 mark for the first time ever. The index climbed to a new lifetime high of 77,017.73 points during the intraday session, driven by a rally across various sectors.

Leading the charge was the telecom sector, with Bharti Airtel and Reliance Industries witnessing significant gains. Technology stocks also performed well, with Infosys and TCS contributing to the index’s ascent.

Positive global cues and strong domestic economic data further boosted market sentiment. The U.S. markets closed at record highs overnight, while the latest GDP figures indicated a robust recovery in the Indian economy.

Other key highlights of the day’s trading included:

The Nifty 50 index also scaled a new peak, reaching 22,902.65 points.
Mid and small-cap stocks outperformed benchmark indices, indicating broader market participation.
Foreign institutional investors (FIIs) remained net buyers, pumping in over INR 1,200 crore into the cash segment.
The market breadth was positive, with over 1,900 stocks advancing and over 1,200 declining.

Analysts attributed the market’s surge to a combination of factors, including:

Strong corporate earnings
Positive investor sentiment
Hopes for continued economic recovery
Liquidity from central banks

As the markets closed for the day, the BSE Sensex settled at 76,967.56 points, up 947.75 points (1.25%). The Nifty 50 ended at 22,870.85 points, a gain of 275.35 points (1.21%).

The record-breaking performance of the Indian stock market is a testament to the resilience and growth potential of the country’s economy. Investors remain optimistic about the future outlook, and the markets are expected to scale new heights in the coming months.