Stock Market Today: Nifty 50, Sensex continue record-setting spree, up for 7th consecutive session

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Equity benchmarks the Sensex and the Nifty 50 extended their record-setting spree into the third consecutive session on Wednesday, December 6, as sentiment remained bullish on the expectations of political stability after General Elections 2024 and a strong growth outlook.

The Nifty 50 and the Sensex closed higher for the seventh consecutive session. While the Nifty 50 has jumped 5.8 per cent, the Sensex has gained 5.6 per cent in these seven days.

Robust Q2 GDP figures in India, coupled with a promising growth trajectory, diminishing inflationary pressures, steady interest rates, a downturn in US bond yields, and anticipated political stability post the upcoming General Elections, have galvanized market sentiment. This surge in positivity has triggered significant buying activity from both international and domestic investors.

Nifty 50 closed at 20,937.70, up 83 points, or 0.40 per cent while the Sensex closed the day with a gain of 358 points, or 0.52 per cent, at 69,653.73. Both indices closed at their fresh closing peaks. 

During the session, the Nifty 50 hit its fresh record high of 20,961.95 and the Sensex, too, scaled its fresh peak of 69,744.62.

The BSE Midcap index also hit its fresh record high of 35,245.77 before closing 0.19 per cent higher at 35,115.78. The BSE Smallcap index closed with a gain of 0.18 per cent at 41,174.45.

(More to come)

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Published: 06 Dec 2023, 03:30 PM IST

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