Market Hits Fresh Highs; Sensex Tops 72,000 for First Time While the BSE Sensex finished at 701.63 points or 0.98 percent up at 72,038.43, the Nifty 50 settled at 213.50 points or 1 percent up at 21,654.80, respectively.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

BSE

The bull run continued on the Dalal Street for the fourth consecutive day. On Wednesday, the Indian benchmark indices hit fresh milestones and ended with record highs. While the 30-share BSE Sensex, which during the course of the day touched a high of 72119.85, finished at 701.63 points or 0.98 percent up at 72,038.43, the Nifty 50 settled at 213.50 points or 1 percent up at 21,654.80, respectively.

The rally was fueled by across-the-board buying and supportive global cues.

The biggest gainers on the Nifty50 were Hindalco Industries, UltraTech Cement, Bajaj Auto, JSW Steel and Tata Motors, while losers were ONGC, NTPC, Adani Enterprises, UPL and Adani Ports. The index hit a high of 21,675.75 during the day.

Sectoral indices also ended in the green except for oil & gas and power. Bank Nifty also hit a fresh record high of 48,347.65.

The broader indices, however, underperformed the main indices and ended with marginal gains. The BSE Midcap index finished with a gain of 0.41 per cent, while the BSE Smallcap index ended 0.20 per cent higher.

The overall market capitalisation of the firms listed on the BSE rose to nearly INR 361.3 lakh crore from nearly INR 358.9 lakh crore in the previous session, making investors richer by about INR 2.4 lakh crore in a single session.

Entrepreneur Staff

Entrepreneur Staff

Editor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Leadership

International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Growth Strategies

Global Recognition for Indian-Led Startup's Food Waste Solution

Under the joint leadership of Dr. Somdip Dey and Software Engineer Suman Saha, Nosh Technologies has created the innovative Nosh app, leveraging sophisticated machine learning algorithms to assist households in reducing food waste

News and Trends

Haircare Startup iluvia Gets Series A Funding from Fireside Ventures and Multiply Ventures

The Bengaluru-based Startup iluvia plans to use the fresh funding to bolster its R&D investments while further expanding its product offerings with innovative and unique solutions for professionals as well as consumers.

Growing a Business

3 Business Basics to Remember in 2024

Here are three fundamental tips that will help every SMB this year.

Branding

From Narrow Focus to Broad Success — How to Harness the Power of Niche Branding

Niche branding is a blend of strategy, storytelling and insight that might just inspire your next big move.

Side Hustle

The Side Hustle She Started in Her Princeton Dorm Room Led to a $510 Million Business: 'Don't Take No for an Answer'

Danielle Cohen-Shohet launched a successful side hustle in college, combining her love for design and entrepreneurship, which ultimately led to GlossGenius.