The BSE Sensex increased by 760 points to settle at a new record of 62,270 on Thursday, setting a new All-time high. Likewise, the NSE Nifty-50 index as a whole gained 216.85 points, or 1.19 percent, to close at a record high of 18,484.10.
The performance of 30 top companies listed on the Bombay Stock Exchange is tracked by the SENSEX (BSE30), a significant stock market index. The selection of the companies is based on their industry representation, trading volume, and liquidity.
"Nifty" is a combination of "National Stock Exchange" and "fifty." This is so because the NSE's NIFTY 50 flagship benchmark index features the 50 best-performing equity firms currently being traded on the Indian Stock platform. On the NSE, 1600 equities are traded in total each day.
With Infosys, HCL Technologies, and IT Mahindra all rising between 2.5% and 3.3%, policy-sensitive tech shares gained from the news and led the gains. Banks saw gains as well, with HDFC Bank leading the pack with a 2% increase.
The current most expensive emerging market and Asian stock markets are both in India. It trades at a significant PE premium of over 80% compared to the Asia-Pacific area.
The market capitalization of all BSE-listed equities reached Rs 283.9 lakh crore yesterday, making Dalal Street investors richer by Rs 2.46 lakh crore.