There was a strong boom in the stock market on Thursday. Sensex created history in this boom. During the trading, the Sensex broke all the old records and reached 62,405 points, which is its all-time high. However, at the end of trading, the Sensex closed at a record high of 62,272.68 with a gain of 762.10 points or 1.24 per cent.
Sensex shot up to 900 points
In fact, for the third consecutive day, the stock market was buzzing on Thursday. The 30-share BSE Sensex index once again succeeded in crossing the 62,000 mark. At one point during the trading, it had reached its all-time high of 62,405.33 points with a gain of 900 points.
This was the previous record of Sensex
Significantly, BSE’s Sensex had earlier made a record by reaching the level of 62,245. It touched this record level on October 19, 2021. On Thursday, in IT stocks, Wipro, Infosys, HCL Tech, TCS, Power Grid, HUL and Tech Mahindra saw a rise of 2 to 3.5 percent. At the same time, the shares of Bajaj Finserv, Tata Steel, Bajaj Finance and Kotak Mahindra Bank declined.
Strong rise in Nifty too
Along with the Sensex, the National Stock Exchange’s Nifty (NSE Nifty) also closed with a strong jump. At the end of trading, the Nifty index closed at 18,484.10 points with a gain of 216.85 points, or 1.19 per cent. It had reached its 52-week high of 18,529.70 during the day’s trade.
There are many reasons behind the boom in the Indian market. According to PTI, the softening stance on interest rates by the US Federal Reserve (US Fed) supported investor sentiment and the market witnessed a strong rally.
Apart from this, the sudden fall in the prices of crude oil has also strengthened the market. Along with this, due to the monthly expiry, the market got strong support.
Closed with an increase on Wednesday as well
At the beginning of trading, the Sensex opened at a level of 61,656 with a gain of 145 points. Earlier on Wednesday, the stock market had closed with an increase. The Sensex closed at 61,510 with a gain of 91 points, the Nifty also closed on the green mark. At the end of trading on Thursday, 28 out of 30 Sensex stocks saw gains.