CLOSING BELL: Markets Shine; Sensex, Nifty Continue Breaking Own Records Day After Day

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At close, BSE Sensex was trading 302.30 points higher at 67,097.44 and Nifty50 was trading 83.90 points higher at 19,833.15.

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New Delhi: Indian indices continue the upward streak amid strong global headwinds. Sensex opened Wednesday at 66,905.38 (previous close: 66,795.14), touched a record high of 67,171.38; meanwhile, Nifty opened at 19,802.95 (previous close: 19,749.25), touched a record high of 19,851.70 during the day’s trade.

At close, BSE Sensex was trading 302.30 points higher at 67,097.44 and Nifty50 was trading 83.90 points higher at 19,833.15.

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Daily market commentary by Rajesh Sinha, Sr. Research Analyst, BONANZA PORTFOLIO LTD

Taking cues from the global market, Indian market closed on a positive note, where Nifty PSU Bank leading the way with gains of 1.95%.

Bank of Maharashtra, Canara Bank, PNB, Punjab & Sind were the top gainer in Nifty PSU Bank. On the back of good number reported by PSU banks and expectation of better result from other PSU banks fuled Nifty PSU Bank.

Bank of Maharashtra reported 38% YoY growth in net interest income and 95% YoY growth in net profit for Q1FY24.

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NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement and Bajaj Finserv were the top gainer while losers were Hindalco Industries, Bajaj Auto, Hero MotoCorp, TCS and Maruti Suzuki.