Sensex opens at record high above 80,300

Mumbai: The Benchmark S&P BSE 30 share benchmark index opened well above the 80,000 mark on Thursday at around 80300. The Sensex also had briefly crossed the 80000 mark on Wednesday. With this the Sensex has taken shortest span of close to 138 sessions to cross the mark. The Sensex had crossed the 70k mark on 11 December 2023 and has been the fastest 10,000 points journey.

The Sensex that had touched 70057.83 mark on 11 December’2023 touched 80074.30 levels on 3rd July’2024, though slipping there after on below the 80k mark on Wednesday. However markets comprehensively breaching and well above the 80k mark on Thursday.

The supportive global data and monsoon progress in the country have added to confidence of investors as the Sensex opened more than 300 points higher on Thursday.

In the US , the Bond yields have softened as the Federal Reserve’s case for starting rate cuts this year has been reinforced by a string of weaker economic data. Surprisingly, the U.S. ISM measure of services activity dropped to its lowest point since mid-2020, and employment data came weaker than expected. The markets will be watching for the June payrolls report due on Friday.