Markets at Record Highs as Nifty Tops 21,900, Fueled by IT Surge; Sensex Gains 847 Points

12 Jan 2024 , 03:40 AM

Benchmark indices marked record highs, extending a four-session winning streak on January 12, with the Nifty reaching around 21,900, primarily driven by Information Technology stocks.

At the close, the Sensex surged by 847.27 points or 1.18% to reach 72,568.45, and the Nifty gained 247.30 points or 1.14% to stand at 21,894.50. Of the total stocks, 1940 advanced, 1323 declined, and 67 remained unchanged.

Top gainers on the Nifty included Infosys, ONGC, Tech Mahindra, LTI Mindtree, and TCS, while the losers comprised Cipla, Apollo Hospitals, HDFC Life, UltraTech Cement, and Bajaj Finserv.

Among the sectors, all other indices, except auto and healthcare, concluded the day in positive territory. The IT index witnessed a 5% rise, while realty and oil & gas indices each increased by 2%.

BSE midcap and smallcap indices both saw a 0.5% uptick.