2023-12-15 08:07:00
Indian Stock Markets Hit New Highs on Friday
Mumbai: Indian stock markets hit new highs today (Friday). The Sensex rose 282 points to 70,797 in early trade. Similarly, the Nifty rose 87 points to 21,270 on the National Stock Exchange.
Stock markets started today’s trading on a positive note. As of 10:36 am, the Sensex was up 480.10 points at 70,994.30, and the Nifty rose 145.70 points to close at 21,328.40 on the national bourse. During the trading hours, the Sensex rose as much as 500 points to touch 71,000, a new peak.
International stock markets were boosted by announcements by the US Federal Reserve that the interest rate will remain unchanged at 5.25% to 5.5% and there will be three rate cuts in 2024. Due to its reverberations, the Indian stock markets got a new boom today.
In terms of individual stocks, companies such as Infosys, Tech Mahindra, HCL Technologies, TCS, Wipro, JSW Steels, Tata Steels, M&M, L&T, Tata Motors, NTPC, Reliance Industries, IndusInd Bank, Sunpharma Industries, Asian Paints, Power Grid Corporation, and Titan Company shares were up.
On the other hand, Nestlé India, Bharti Airtel, Axis Bank, ITC, Maruti Suzuki, Bajaj Finserv, Hindustan Unilever, Ultra Tech Cements, ICICI Bank, State Bank of India, and Bajaj Finance were the decliners for the day.
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