133667In view of reduced inflation and expenses, will it be right to invest in IT stocks?
Additionally, equity markets will remain closed on April 17 as well for the occasion of Ram Navami.
The Sensex, a key benchmark in the Indian stock market, reached a significant milestone by exceeding the 75,000 mark for the first time, accompanied by the Nifty 50, which also ended the day at a fresh record high closing.
Likewise, the Nifty 50 began the day’s trading with an increase of 78 points, opening at 22,720.25 compared to its previous close of 22,642.75. It reached a fresh all-time peak of 22,775.70 during the trading session, marking a gain of 133 points. The index concluded the day at 22,753.80, showing an ascent of 111 points or 0.49 percent.
The 30-share BSE benchmark Sensex climbed 354.45 points or 0.47 per cent to settle at 75,038.15. During the day, it advanced 421.44 points or 0.56 per cent to 75,105.14.
In the previous trade on Tuesday, the benchmark hit its all-time intra-day peak of 75,124.28.
The market capitalisation of BSE-listed firms climbed Rs 2,27,024.52 crore to reach its all-time high of Rs 4,02,19,353.07 crore (USD 4.83 trillion).
The market valuation of BSE-listed companies has gone past the coveted Rs 400 lakh crore mark for the first time on Monday.
Markets closed tomorrow
Trading in the BSE and NSE equity markets will be closed on Thursday on account of Eid-Ul-Fitr. Likewise, NCDEX, the largest agricultural commodity exchange in India, will also be closed tomorrow. However, MCX will have its first session closed from 9 am to 5 pm but will resume trading after 5 pm. Furthermore, equity markets will also be closed on April 17 for the celebration of Ram Navami.
Apart from Eid and Ram Navami, the stock markets will be closed on Maharashtra Day (May 1), Bakra-eid (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi’s Birthday (October 2), Diwali (November 1), Gurunanak Jayanti (November 15), and Christmas (December 25) in the rest of the year.