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Tuesday, December 3, 2024

Sensex, Nifty soar to new record highs

EconomySensex, Nifty soar to new record highs

On Thursday, the BSE Sensex soared past the 79,000 mark, and the NSE Nifty crossed 24,000 for the first time, setting new intraday trading records.

The Sensex jumped 470.71 points to reach 79,159.89, while the Nifty climbed 164.10 points to 24,032.90.

The trading day began with a slight setback as the stock market opened flat, initially showing marginal declines following a record-high close in the previous session. The Sensex opened 94.13 points lower at 78,580.12, and the Nifty started at 23,849.55 after a 19.25-point drop. Early market sentiment was influenced by weaker cues from Asian markets.

During the morning session, market performance was mixed among Nifty-listed companies, with 21 stocks gaining and 29 declining.

Investors closely monitored sectors such as banking, finance, technology, and healthcare, which played significant roles in the overall market dynamics.

The record-breaking surge of the Sensex and Nifty reflects strong investor confidence, buoyed by favorable domestic economic indicators and global market stability.

Analysts attribute today’s performance to renewed optimism over corporate earnings, sustained foreign institutional investments (FIIs), and positive global indices.

Market experts suggest that this bullish trend highlights India’s resilience amid global economic uncertainties, positioning the country as a robust investment destination.

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