The 30-share Sensex closed 452.74 points or 0.75 percent higher at 60,737.05, its all-time closing high, after achieving a lifetime intraday high of 60,836.63 during the session.
The Nifty rose 169.80 points, or 0.94 percent, to 18,161.75, a record closing high. It also hit a new intraday high of 18,197.80.
M&M led the Sensex pack with a rise of more than 5%, followed by PowerGrid, ITC, L&T, Tech Mahindra, Tata Steel, and Titan.
Maruti Suzuki, HUL, Nestle India, Axis Bank, and SBI, on the other hand, were among the laggards.
The BSE auto, utilities, momentum, industrials, and power indices all gained 3.46 percent, while the realty index finished in the red.
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The economy is recovering but GDP is expected to be only slightly larger than it was in pre-pandemic 2019-20.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.
There is a need to continuously facilitate trade and industry and provide thrust to the growth promising sectors of Indian economy.