Stock market today: Sensex jumps over 1%, Nifty ends above 20,000 led by banks, IT stocks; small, midcaps aid rally
BSE Sensex ended higher by 727.71 points or 1.10% at 66,901.91 level while the Nifty 50 closed at 20,096.60 level, up 206.90 points or 1.04%. For the first time since September 20, 2023, the Nifty 50 index rose by 0.60% to 20,008.45 points during morning trading.
Nifty 50 was trading above 20,100 intraday for the first time since September 18 in the final hour of the session. The BSE Sensex hit its all-time peak of 67,927.23 on the same day.
“The buoyant sentiments of the market are poised to endure, with the anticipation of scaling fresh all-time highs in the coming month. This optimism is underpinned by vigorous buying activities in the Information Technology and banking sectors, which collectively command a weightage of 51.50% in the Nifty 50 index," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
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