Sensex hits record high, surges past 73,000 mark despite global weakness

Sensex record high: The Sensex, India's benchmark stock index, continued its upward trajectory on Tuesday, marking its sixth consecutive session of gains. Despite facing weak global cues, the Sensex breached the significant 73,000 level, closing at a record high of 73,057.40 points, reflecting a substantial surge of 349.24 points.

Sector Performance

Several sectors contributed to the Sensex's rally, with notable strength observed in Bankex, Realty, and Power stocks. This resilience in key sectors helped sustain the market's positive momentum amidst prevailing global uncertainties.

Key Highlights

• The National Stock Exchange (NSE) also witnessed gains, rising by 74.70 points to reach 22,196.95 points.
• Throughout the trading session, the NSE recorded a high of 22,215.60 points and a low of 22,045.85 points.
• Opening at 72,727.87 points, the Sensex registered a modest gain of 17 points at the start of the day.
• Amidst intraday fluctuations, the Sensex surged to a high of 73,130.69 points, marking a significant uptick of 422 points before settling at its closing peak of 73,057.40 points.
• Notably, the mid-cap segment experienced a slight decline of 0.17%, while the small-cap segment saw a marginal dip of 0.18%.

Stock Movement

Among the thirty scrips comprising the Sensex, 18 witnessed gains, while 12 recorded declines. The top gainers included Powergrid, HDFC Bank, Axis Bank, Kotak Bank, and NTPC, posting gains ranging from 2.01% to 4.16%. Conversely, TCS, JSW Steel, HCL Technology, and Bajaj Finserv were among the losers, registering declines ranging from 0.82% to 1.55%.

• Powergrid surged by 4.16% to Rs 287.95.
• HDFC Bank recorded a gain of 2.53% to reach Rs 1452.90.
• Axis Bank saw an increase of 2.37%, closing at Rs 1088.80.
• Kotak Bank witnessed a rise of 2.05%, reaching Rs 1767.
• NTPC posted a gain of 2.01%, closing at Rs 345.65.
• Conversely, TCS recorded a decline of 1.55%, closing at Rs 1403.80.
• JSW Steel saw a decrease of 0.96%, closing at Rs 812.20.
• HCL Technology registered a decline of 0.85%, closing at Rs 1660.50.
• Bajaj Finserv witnessed a decline of 0.82%, closing at Rs 1606.80.

The Sensex's remarkable performance, reaching new heights despite global headwinds, underscores the resilience and confidence in India's stock market. With key sectors driving the rally and notable stock movements, investors remain optimistic about the market's growth trajectory.