Banking, energy stocks power Sensex to new heights; Nifty settles at 26K for first time
Sensex and Nifty closed at fresh record highs on Wednesday, driven by gains in banking and energy stocks.
The 30-share BSE Sensex rose 256 points, or 0.30%, to settle at 85,169, while the broader NSE Nifty added 64 points, or 0.25%, to end at 26,004.
Despite closing at fresh record highs, the market capitalization of all listed companies on the BSE declined by Rs 83,219 crore to Rs 475.24 lakh crore.
Among the Sensex stocks, Power Grid, Axis Bank, NTPC, Bajaj Finserv, Bajaj Finance, and Tata Steel emerged as the top gainers, rising by up to 4%. Conversely, Tech Mahindra, Tata Motors, Titan, and Kotak Mahindra Bank closed in the red.
On the sectoral front, the Nifty Metal index rose by 0.4%, building on a nearly 3% jump on Tuesday, fueled by China's stimulus measures to boost its sluggish economy.
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