Indian stock market saw a bullish sentiment on Thursday, April 4th after the benchmark indices, Sensex and Nifty 50, scaled new all-time highs. The Sensex initiated the trading session by breaching its previous record, opening at an impressive 74,501.73, up nearly 1 percent from its previous close of 73,876.82.
Nifty 50 followed suit, commencing at 22,592.10 and swiftly surging approximately 1 percent to reach its fresh record high of 22,619. The broader market indices mirrored this upward trajectory, with the BSE Midcap index hitting its all-time high of 40,973.14, rising nearly 1 percent.
Additionally, the Smallcap index jumped 1 percent to reach an intraday high of 46,015.16, inching closer to its all-time high of 46,821.39, achieved on February 7th of this year.
This bullish sentiment echoed across Asian markets, with Japan’s Nikkei jumping almost 2 percent and South Korea’s KOSPI rising approximately 1 percent. These gains were fueled by overnight advances in US markets, where investors remained optimistic about potential US rate cuts.
Contributing to the market’s upward momentum, the Nifty Bank index rose over 1 percent, providing a significant boost to the benchmark indices. Prominent stocks such as HDFC Bank, Kotak Mahindra Bank, and Axis Bank traded with healthy gains, further solidifying the market’s positive trajectory.
