Sensex and Nifty Hit Record Highs, Nifty50 Crosses 21,000 Mark

8 Dec 2023 , 01:56 PM

Sensex and Nifty reach new record highs in Friday’s trade, driven by IT stocks and HDFC Bank, with Nifty50 crossing 21,000 for the first time. At present, Sensex trades at Rs 69,652, up by 0.19% from the previous close, while Nifty stands at Rs 20,907, showing a 0.03% increase.

Despite weak Asian cues, market bulls push indices higher, supported by lower oil prices and positive sentiments from US stocks. Falling crude oil prices benefit sectors such as paints, tyres, and aviation, where demand remains robust.

All sectors exhibit positive trends at the current hour, contributing to the overall market upswing.

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