The Indian stock market continues its remarkable surge, with today’s Bank Nifty crossing the 48,000 mark. Both Sensex and Nifty have achieved new peaks, marking a significant rise in the market. As the Christmas rally unfolds, the Indian stock market is presenting impressive gains just before the arrival of Santa Claus.
Unprecedented Market Opening
Once again, the market witnessed an opening at record highs. BSE Sensex opened at 71,647, marking an increase of 210.47 points or 0.29%, establishing a new record high. NSE Nifty opened at 21,543, showcasing a splendid surge of 90.40 points or 0.42%.
Bank Nifty Soars
Following an historic surge, Bank Nifty is now seen surpassing the 48,000 mark, reaching a new pinnacle. With a whopping leap of 160 points, Bank Nifty is on a remarkable ascent, poised to surpass the 48,000 mark. The banking shares, constituting 12 in Bank Nifty, are displaying signs of flourishing growth.
IT Stocks Riding High
IT stocks are experiencing a phenomenal surge, with the IT index reaching 37,650 after market opening, witnessing an uptick of around 330 points. Within the first five minutes of market opening, the IT index surged to 35,845.
Multidirectional Growth in Sensex Shares
Out of 30 Sensex shares, 27 are showing an upward trend, while only 3 are engaging in trade with a decline. Shares of Reliance Industries are exhibiting an uptrend of more than 1%.
Pre-Market Indicators
The pre-market indicators hinted at an opening beyond the record highs. NSE’s Nifty showcased a surge of 89.75 points or 0.42% at 21,542, whereas BSE’s Sensex was trading at 71,708, marking an increase of 271.36 points or 0.38%.
Yesterday’s Closing Levels
Yesterday, BSE’s Sensex closed at 71,437, and NSE’s Nifty closed at 21,453. Today’s gap-up opening indicates a significant difference from the previous day’s closing levels.
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