Sensex’s Historic Rally, Ends 409 Points Up, Nifty Scales Past 22,450

Ira Singh
Khabar Khabaron Ki,06 Mar’24

The domestic equity benchmark indices rose to fresh lifetime highs on Wednesday a one-day hiatus, as the 30-pack Sensex went past 74,000 points for the first time. At close, the Sensex was up 408.86 points, or 0.55 per cent, at 74,085.99, and the Nifty was up 117.75 points, or 0.53 per cent, at 22,474, their best closing ever.

Earlier in the day, the Sensex and Nifty hit highs of 74,151.27 and 22,497.20, according to information.

Bajaj Auto, Kotak Mahindra Bank, Axis Bank, Bharti Airtel and SBI Life Insurance were the top gainers on the Nifty, while losers included Adani Enterprises, UltraTech Cement, NTPC, ONGC and BPCL.

On the sectoral front, the bank index was up 1 per cent, while the pharma and IT indices were up 0.7 per cent each. On the other hand, oil & gas, power and realty were down a per cent each. The BSE midcap index closed 0.6 per cent down and smallcap index 2 per cent lower.

Rupee Close:
On 06 Mar’24, the Indian rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets.

The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due to some fresh inflow of foreign funds, forex traders said.

Trading Guide:
Market experts have recommended six-day trading stocks for today- Polycab India, Solar Industries India, BHEL, M&M Fin, Apollo Tyres and Union Bank of India.