Stock Market Today: Sensex, Nifty 50 snap 5-day winning streak on year's last trading day, rise 20% in 2023
BSE Midcap and Smallcap indices surged almost 46 per cent and 48 per cent respectively in 2023. Against a backdrop of geopolitical tensions and heightened interest rates, the local market surged due to robust economic growth, anticipated rate reductions, and a substantial surge in participation from retail investors. On Friday, December 29, the Sensex opened at 72,351.59 against the previous close of 72,410.38 and touched its intraday high and low of 72,417.01 and 72,082.64 respectively.
The 30-share index closed 170 points, or 0.23 per cent, lower at 72,240.26. The Nifty 50 opened at 21,737.65 against the previous close of 21,778.70 and touched its intraday high and low of 21,770.30 and 21,676.90 respectively. The index finally closed the day at 21,731.40, down 47 points, or 0.22 per cent.
The BSE Midcap and Smallcap indices hit their fresh record highs of 36,889.87 and 42,728.21 respectively during the session. The BSE Midcap index closed 0.85 per cent higher at 36,839.22 while the Smallcap index ended with a gain of 0.69 per cent at 42,673.76. The overall market capitalisation of BSE-listed firms rose to nearly ₹364.2 lakh crore from ₹363 lakh crore in the previous session, making investors richer by about ₹1.2 lakh crore in a single session.
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