Stock Market: Sensex, Nifty Hit Fresh Record Highs In Early Deals; Power, IT Lead

Stock Market: Sensex, Nifty Hit Fresh Record Highs In Early Deals; Power, IT Lead

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The two key equity benchmarks, Sensex and Nifty, on Wednesday hit fresh record highs in early deals as investors look at Q1FY24 results of India Inc. At 9.45 am, the S&P BSE Sensex rose 207 points to 67,002. On the other hand, the NSE Nifty was trading at 19,804, up 55 points.

On the 30-share Sensex platform, NTPC, IndusInd Bank, PowerGrid, Infosys, Bajaj Finance, Reliance were among the lead gainers. On the downside, M&M, Maruti, Asian Paints, Airtel, TCS, ICICI Bank emerged losers. Among specific shares, L&T Technology Services were down 0.3 per cent after the company registered 13 per cent YoY rise in net profit to Rs 311.1 crore in Q1FY24. Revenue from operations, however, saw a 14.7 per cent YoY jump to Rs 2,301 crore.

In the broader markets, the BSE Midcap and Smallcap indices rose 0.3 per cent and 0.5 per cent, respectively.

All the sectoral indices were trading higher led by power index up 1 per cent. Nifty IT index (up 0.76 per cent), the Nifty Bank index (0.45 per cent), and the Nifty Metal index (0.37 per cent). Only auto is trading in the red. 

In the previous session on Tuesday, the S&P BSE Sensex closed at 66,795, up 205 points, after hitting an all-time high of 67,007 during the day. On the other hand, the Nifty50, closed 38 points up at 19,749, from a record peak of 19,819.



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