Sensex breaches 77,000-mark for first time; Nifty hits new record high level in early trade

The 30-share BSE Sensex jumped 385.68 points to hit its new record high of 77,079.04 in early deals

Published - June 10, 2024 10:23 am IST - Mumbai

BSE Sensex. File.

BSE Sensex. File. | Photo Credit: REUTERS

Benchmark equity indices hit their all-time high levels in early trade on Monday, with the Sensex breaching the 77,000-mark for the first time ever, rallying for the fourth day running.

Optimism in the markets is due to various factors such as the Reserve Bank of India (RBI) revising upwards the GDP growth projection to 7.2% for 2024-25 from 7% earlier and fresh foreign fund inflows.

The 30-share BSE Sensex jumped 385.68 points to hit its new record high of 77,079.04 in early deals. The NSE Nifty climbed 121.75 points to hit its lifetime peak of 23,411.90.

Narendra Modi was sworn in as Prime Minister on Sunday for a record-equalling third term, heading a 72-member Union Council of Ministers that put emphasis on continuity, youth and experience, while also rewarding partners in the BJP-led National Democratic Alliance (NDA) government.

Among the 30 Sensex companies, Power Grid, Axis Bank, State Bank of India, Bajaj Finserv, Reliance Industries and NTPC were the biggest gainers.

Tech Mahindra, Infosys, Wipro, HCL Technologies and Titan were among the laggards.

Later, the benchmarks faced volatile trends and were trading flat.

Foreign Institutional Investors (FIIs) bought equities worth ₹4,391.02 crore on Friday, according to exchange data.

In Asian markets, Tokyo quoted in the green while Seoul traded lower.

U.S. markets ended lower on Friday.

Global oil benchmark Brent crude climbed 0.31% to $79.87 a barrel.

The BSE benchmark ended at 76,693.36 up 1,618.85 points or 2.16% on Friday. The Nifty settled with a jump of 468.75 points or 2.05% at 23,290.15.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.