Mumbai: The Indian stock market witnessed a dramatic turnaround on Thursday, shaking off the recent slowdown and surging to record highs. Both Sensex and Nifty outperformed expectations, leaving investors cheering.
Sensex Shatters Records
The Bombay Stock Exchange’s Sensex stole the show, obliterating its previous record and reaching a staggering new peak of 75,368. This translates to a phenomenal jump of over 1200 points!
Nifty Soars to New Heights
Not to be outdone, the National Stock Exchange’s Nifty index mirrored Sensex’s impressive feat. It skyrocketed more than 350 points, reaching an all-time high of 22,948.
Top Gainers Ride the Wave
The market boom wasn’t just about the indices. Several individual stocks emerged as superstars of the day. These included heavyweights like:
- Adani Enterprises (Adani Group): Up 7.50%
- Cochin Shipyard: Leading the pack with a stellar 11.25% rise (as of 12.30 pm)
- Shipping Corporation of India: Soaring by 10%
- Railway Stocks: IRFC and RVNL both witnessed significant gains of around 8% each
- PNB Housing Finance: Joining the party with a surge of over 8%
Other Notable Climbers
The rally extended beyond the top gainers. Here are some other noteworthy performers:
- Mazgaon Dock: Up 6.34%
- Bharat Dynamics: Climbing 6.14%
- Jio Financial Services (Mukesh Ambani): Up 5%
- Adani Power: Gaining 4%
Broad Market Participation
The positive sentiment permeated the broader market as well. Out of the 2,572 shares listed on the NSE, over 1200 witnessed gains. This rally wasn’t just about a select few, but a widespread market upswing.
This historic day for the Indian stock market underscores the resilience and potential for growth within the Indian economy. With key indices reaching unprecedented highs and several stocks achieving 52-week peaks, the future looks bright for savvy investors.
