Sensex Crosses 77,000-Mark For First Time; Nifty Hits New Record High Level In Early Trade

New Delhi: The Sensex climbed 373.15 points, or 0.49%, to reach 77,066.51, while the Nifty rose 115.40 points, or 0.50%, settling at 23,405.60. The market saw 2,196 shares advancing, 452 shares declining, and 148 shares remaining unchanged.

Notable gainers on the Nifty included Adani Ports, Power Grid Corp, Bajaj Auto, Coal India and Shriram Finance. On the flip side, Tech Mahindra, Infosys, Dr Reddy’s Labs, LTIMindtree, and Hindalco were among the top losers.

Indian stock indices Sensex and Nifty 50 started the week with modest gains, approaching record highs on Monday. These indices extended the upward momentum from the previous trading session. On Friday, the Sensex reached new record levels, while the Nifty was just shy of its own peak.

The market was bolstered by the Reserve Bank of India’s policy announcements, which met expectations, and increased clarity regarding the NDA government’s continuity.

Throughout the week of June 3 to June 7, both the Sensex and Nifty saw nearly 4% gains. Broader markets rebounded robustly after a sharp decline on Tuesday, although the Nifty Midcap and Smallcap indices ended the week with losses exceeding 3% each. The rally was driven by strong performances in the Auto, IT, and FMCG sectors.

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