Indian Stock Market Scales New Heights: Sensex, Nifty Hit Record Highs

1 Mar 2024 , 03:40 PM

Indian benchmark indices surged for the second consecutive session, achieving new record highs on March 1. The Nifty soared above the 22,300 mark, reflecting robust market sentiment.

Closing figures depicted a notable uptrend, with the Sensex climbing by 1,245.05 points or 1.72% to reach 73,745.35, while the Nifty surged by 356.00 points or 1.62%, settling at 22,338.80. 

Top performers on the Nifty included Tata Steel, L&T, JSW Steel, Titan Company, and IndusInd Bank, contributing significantly to the upward trajectory. Conversely, Dr. Reddy’s Laboratories, Sun Pharma, HCL Technologies, Infosys, and Britannia Industries experienced declines.

Sector-wise, the Metal index emerged as a standout performer, witnessing a substantial 4% surge. Additionally, the auto, bank, capital goods, and oil & gas sectors demonstrated notable gains of 2% each. However, the healthcare index experienced a 1% decline, while the Information Technology index registered a marginal 0.5% downturn.

The BSE midcap and smallcap indices also displayed positive movement, each adding 0.5% to the overall market momentum.

Market dynamics showcased 2079 shares advancing, 1214 shares declining, and 77 shares remaining unchanged.