Stock market broke all records, Sensex jumped 666 points

Mumbai: Thursday’s trading session was profitable for the Indian stock market. All the main indices of the market closed at new all-time highs. During the day, both the Sensex and Nifty touched new historical levels of 85,930 points and 26,250 points respectively.

At the end of trading, the BSE Sensex rose 666 points or 0.78 percent to close at 85,836 points and the National Stock Exchange’s Nifty rose 211 points or 0.81 percent to close at 26,216 points. Nifty Bank also made a new all-time high of 54,467 points during the trading session. It closed at 54,375 points, up 273 points or 0.51 percent.

Among Sensex companies, Maruti Suzuki, Tata Motors, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, JSW Steel, UltraTech Cement, Bajaj Finance, Nestle, Sun Pharma, Hindustan Unilever, SBI, Wipro, Asian Paints, ITC and IndusInd Bank were the top gainers. Only L&T and NTPC closed in the red.

Midcap and smallcap witnessed pressure. Nifty Smallcap 100 index closed down 96 points or 0.50 per cent at 19,261 points and Nifty Midcap 100 index closed marginally up four points at 60,469 points. Auto, IT, PSU Bank, Financial Services, Pharma, FMCG, Metal and Commodity were the top gainers. Only the Consumer Durable index closed in the red.

Rupak De, Senior Technical Analyst, LKP Securities says that Nifty has given a breakout in the daily timeframe. As long as it remains above 26,000 points, its uptrend is expected to continue. However, if it goes below 26,000 points, the bullish trend may break. The stock market started with a boom. At 9:40 am, the Sensex was at 85,340 points with a gain of 166 points or 0.20 percent and the Nifty was at 26,046 points with a gain of 42 points or 0.16 percent.