Indian Indices Hit Record Highs as Global Cues Propel Sensex and Nifty to New Peaks

28 Dec 2023 , 02:00 PM

India’s benchmark indices achieve fresh all-time highs before the monthly F&O expiry, driven by positive global cues. Nifty50 surpasses the 21,700 mark, while Sensex hovers around 72,300, marking record levels.

Most sectoral indices witness buying activity, with exceptions in media and realty.

At the time of writing, Sensex trades at Rs 72,335, a 0.41% increase from the previous close, and Nifty at Rs 21,748, a 0.43% increase.

Top Gainers:

Hind Copper (13.67%)

HINDPETRO (8.18%)

NALCO (7.00%)

BHEL (5.50%)

Top Losers:

Biocon (-2.06%)

Delta Corp (-1.77%)

Laurus Labs (-1.70%)

Vodafone Idea (-1.49%)

Bulls dominate the market on December 28, propelling BSE Sensex and Nifty 50 to record highs of 72,281.63 and 21,728.3, respectively. The Nifty Bank index reaches an all-time high of 48,589 in opening trades.

The ongoing record-breaking trend in domestic markets is attributed to positive cues from the USA, where major indices are poised to end the year with substantial gains.

Factors driving the rally include a steady decline in US bond yields (below 4 percent) and a weakening dollar index below 101 levels.

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