Stock market today: Sensex hits 70,000, Nifty 50 above 21,000 led by ONGC, Coal India, UPL
The domestic benchmark indices, the Sensex and the Nifty 50, opened at all-time highs on Monday, marking a flat start for the stock market. The S&P BSE Sensex gained 0.32% to 70,048.90, while the NSE Nifty 50 index increased by as much as 0.24% to 21,019.80 points at 10:06 IST. Following their all-time highs, both indexes later gave back their gains and remained stable.
Positive sentiment was bolstered by the top gainers, which included IndusInd Bank, ONGC, Coal India, HCL Technologies, and UPL. On the other hand, Maruti, Asian Paints, CIPLA, Sun Pharma, and Dr. Reddy were among the laggards.
Investor attention will be focused on three main factors going forward: the US Federal Reserve policy meeting, important macroeconomic data, and global trends. These factors will primarily influence how the domestic equity markets move in the next sessions. The benchmark indices closed at all-time highs on Friday. The Nifty 50 gained 68 points to 20,969, while the BSE Sensex increased 304 points to 69,826.
(more to come)
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Published: 11 Dec 2023, 10:50 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.