New Delhi, India
September 14, 2023
In an impressive demonstration of resilience and bullish sentiment, the Indian stock market has sustained its winning streak for the 10th consecutive day, achieving new record highs for both the Sensex and Nifty indices. The Sensex concluded the day with a gain of 52 points, while the Nifty soared past the psychologically significant 20,100 mark, establishing an all-time high.
Among the notable gainers on the Sensex were Tata Steel, Tech Mahindra, Wipro, State Bank of India, Power Grid, and JSW Steel. However, Bajaj Finance stood out as the sole underperformer among the prominent stocks.
Looking at the broader Asian market landscape, Seoul and Shanghai exhibited positive trading trends, reflecting the overall optimistic sentiment in the region. Conversely, Hong Kong reported a decrease in trading activity. Meanwhile, the US markets displayed mixed performance in their previous session.
The global oil benchmark, Brent crude, also made headlines by recording a 0.42 percent increase, reaching a price of USD 92.28 per barrel. This development further contributes to the intricate dynamics influencing the market.
In the preceding trading session, the BSE benchmark Sensex had settled at 67,466.99, registering a gain of 245.86 points, equivalent to 0.37 percent. Simultaneously, the broader Nifty index surpassed the 20,000-mark for the first time, rallying by 76.80 points or 0.38 percent to reach 20,070, marking a historic closing high.
As the Indian stock market continues its record-breaking streak, investors are closely monitoring the potential impact of global economic factors, trends in inflation, and foreign investment flows. These factors are anticipated to shape the market’s trajectory in the coming days.
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