New Milestone! Sensex jumps over 600 pts to touch 78,000 for first time, Nifty surpasses 23,600
Indian stock market: Market indices Sensex and Nifty touched a new record high on Tuesday's trading session. On June 25, the Sensex surged by 600 points, scaling to 78,000 mark and the Nifty exceeded the 23,600 mark to reach new record highs.
This rise was driven by strong trends in Asian markets and buying in blue-chip banks. Both indices opened on a positive note in early trading, supported by gains in financial services and banking stocks.On the other hand, Nifty Bank crossed the 52,500 mark for the first time, with ICICI Bank and HDFC Bank showing the most significant gains.
ICICI Bank's market capitalization reached $100 billion after its stock increased by over 2 percent on Tuesday. This milestone makes ICICI Bank the sixth Indian entity to achieve a market capitalization above $100 billion.Shares of HDFC Bank Ltd.
have reversed their losses for the year, turning positive after rallying up to 12 per cent in the past month. The stock also added 64 points to the Nifty's 120-point surge today.Within the Nifty pack, UltraTech Cement, HDFC Bank, Divi's Lab, Coal India, and SBI were the top gainers, while HCL Tech, Asian Paints, and Titan faced selling pressure.
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