In a continuation of its record-setting rally, the market notched its third consecutive week of gains, buoyed by positive global sentiment and China’s stimulus measures, as of the week ending September 27.
The BSE Sensex climbed 1,027 points, or 1.2 percent, closing at an all-time high of 85,571. Similarly, the Nifty50 advanced by 388 points, or 1.5 percent, ending at 26,179. Both indices reached unprecedented levels on September 27, with Sensex touching 85,978 and Nifty hitting 26,277.
Mid-cap stocks also delivered robust performance, with the BSE Mid-cap Index rising 0.7 percent and achieving a new peak. Meanwhile, the BSE Small-cap Index remained flat for the second straight week but managed to hit a fresh high. The BSE Large-cap Index saw a 1.5 percent increase, marking a new peak as well.
Sectoral indices uniformly closed in positive territory. Notably, the Nifty Metal index surged by 7 percent, while the Nifty Oil & Gas, Nifty Auto, and Nifty PSU Bank indices saw gains of 5 percent, 4 percent, and 3.4 percent, respectively.
This sustained uptrend underscores the market’s resilience and investor optimism, fueled by favorable international developments.
Original Story https://www.newsonair.gov.in/sensex-and-nifty-hit-record-highs-2/
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