Mumbai: The first business day of the week has been a historic day for the stock market as both the benchmark indices rose to historic highs at close.
The Sensex and Nifty ended half a percent higher on September 23 after having surged to record highs driven by a wave of optimism following last week’s Federal Reserve rate cut, which has ignited risk-on sentiment among investors. Key contributors to the rally came from banking, auto, and energy stocks, while the IT sector lagged behind.
At close, Sensex was up 384 points or 0.5 percent at 84,928.61 and Nifty 50 was up 148 points at 25,939. Today, the Sensex reached a lifetime high of 84,980, while the Nifty hit a milestone of 25,956.
