Sensex hits 80K for first time, Nifty at fresh record high; banking shares lead rally

Sensex hits 80K for first time, Nifty at fresh record high; banking shares lead rally

The 30-stock index hit a record high of 80,039, rising 598 pts against the previous close of 79,441. Nifty too scaled a record high of 24,292 in early deals today.

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HDFC Bank, Kotak Bank, ITC, M&M, Bajaj Finance and Tata Steel were the top Sensex gainers, rising up to 2.42 per cent. Of 30 Sensex stocks, 21 were trading in green. HDFC Bank, Kotak Bank, ITC, M&M, Bajaj Finance and Tata Steel were the top Sensex gainers, rising up to 2.42 per cent. Of 30 Sensex stocks, 21 were trading in green. 
Aseem Thapliyal
  • Jul 3, 2024,
  • Updated Jul 3, 2024 9:59 AM IST

Sensex hit the 80,000 mark for the first time ever in early deals today led by gains in banking, consumer durables and capital goods shares. The 30-stock index hit a record high of 80,039, rising 598 pts against the previous close of 79,441. Nifty too scaled a record high of 24,292 in early deals today. Market cap of BSE-listed firms climbed to Rs 444.19 lakh crore.

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HDFC Bank, Kotak Bank, ITC, M&M, Bajaj Finance and Tata Steel were the top Sensex gainers, rising up to 2.42 per cent. Of 30 Sensex stocks, 21 were trading in green. 

Shares of TCS, Infosys, Sun Pharma, Tech Mahindra and UltraTech Cement were the top Sensex losers, falling up to 0.74% in early trade. 

Banking, consumer durables and capital goods shares were the top sectoral gainers with their indices rising 851 points, 261 points, and 380 points, respectively on BSE.

On the other hand, IT shares were top losers with the BSE IT index falling 102 points to 37,939. Market breadth was positive with 2,208 stocks rising against 840 stocks falling on BSE. 113 shares were unchanged.

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Previous session 

Nifty fell 18.10 points or 0.07% to end at 24,123.85, while Sensex ended 34.73 points or 0.04% lower at 79,441.46 on Tuesday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Sensex hit the 80,000 mark for the first time ever in early deals today led by gains in banking, consumer durables and capital goods shares. The 30-stock index hit a record high of 80,039, rising 598 pts against the previous close of 79,441. Nifty too scaled a record high of 24,292 in early deals today. Market cap of BSE-listed firms climbed to Rs 444.19 lakh crore.

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HDFC Bank, Kotak Bank, ITC, M&M, Bajaj Finance and Tata Steel were the top Sensex gainers, rising up to 2.42 per cent. Of 30 Sensex stocks, 21 were trading in green. 

Shares of TCS, Infosys, Sun Pharma, Tech Mahindra and UltraTech Cement were the top Sensex losers, falling up to 0.74% in early trade. 

Banking, consumer durables and capital goods shares were the top sectoral gainers with their indices rising 851 points, 261 points, and 380 points, respectively on BSE.

On the other hand, IT shares were top losers with the BSE IT index falling 102 points to 37,939. Market breadth was positive with 2,208 stocks rising against 840 stocks falling on BSE. 113 shares were unchanged.

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Previous session 

Nifty fell 18.10 points or 0.07% to end at 24,123.85, while Sensex ended 34.73 points or 0.04% lower at 79,441.46 on Tuesday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

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