सेंसेक्स, निफ्टी रिकॉर्ड ऊंचाई पर: निवेशकों ने आज करीब ₹7 लाख करोड़ कमाए।

Sensex, Nifty at record high: Investors earn nearly ₹7 lakh crore today.

Indian shares reached record highs, driven by strong performances from major banks and IT stocks amidst a volatile trading session. The Nifty 50 hit an all-time peak of 25,337 points, and the BSE Sensex also achieved a new high. The Nifty ended up 1.7%, while the Sensex gained 1.5%. The market capitalization of all listed companies on the BSE surged by ₹6.6 lakh crore to ₹467.36 lakh crore. IT stocks increased by 1%, and sectors such as Nifty Bank, Auto, Financial Services, Healthcare, and Oil & Gas all saw gains exceeding 1%. Key contributors to the Sensex's rise included Bharti Airtel, Reliance Industries, HDFC Bank, and Infosys, which together added nearly 500 points. L&T, M&M, NTPC, ICICI Bank, and SBI also played significant roles in the index's surge.

This rally coincided with a slight increase in US consumer prices for August, with core inflation rising by 0.28%, above the anticipated 0.2%. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the latest US inflation figures are somewhat favorable for markets. The August CPI inflation rate of 0.2% has lowered the 12-month inflation to 2.5% from 2.9% previously, potentially paving the way for a rate cut by the Fed in September. However, with core inflation still high at 3.2%, the Fed may proceed cautiously, likely opting for a 25 basis point rate cut rather than a 50 basis point reduction.

Meanwhile, oil prices fell by over 10% in September due to weak demand from China and concerns about global oversupply.

Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares and Stock Brokers, commented that the Indian markets began on a positive note, buoyed by strong performances in Asian markets and a tech-driven rally on Wall Street. During the afternoon, the markets strengthened further as investors favored large-cap stocks. The announcement of China’s plan to cut rates by 50 basis points on $5 trillion in mortgages to stimulate consumption provided additional positive sentiment, ahead of a European Central Bank (ECB) policy meeting later in the day.

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