Sensex crosses 80,200, Nifty hits day’s high as bank, metal, and media stocks shine

The Indian stock markets hit a significant milestone today, with the Sensex crossing the 80,000 mark, reaching an all-time high. As of 10:30 AM, the Sensex surged by over 765.27 points, or 0.96%, to stand at ₹80,167.56. The Nifty 50 index also posted gains, rising by 0.79% to trade at ₹24,375.55. The Nifty Bank index climbed even higher, up by 1.44%, reaching ₹51,518.55.

Key Sector Performance:

• Best performing sector: Nifty PSU Bank gained 2.59%, showing robust strength in the banking sector.
• Worst performing sector: Nifty Energy declined by 0.29%, showing a slight contraction in the energy sector.

Top Gainers and Losers:

• Biggest gainer: Shriram Finance surged by 5.67%, reaching ₹3,268.00.
• Biggest loser: Coal India saw a dip of 3.17%, falling to ₹446.50.

Strong Performance in Nifty Media:

The Nifty Media index rose nearly 1% today, driven by strong performances from major media companies:

• PVR INOX: ₹1,515.95, up by 1.77%
• Network 18: ₹77.36, up by 1.27%
• Zee Entertainment: ₹120.20, up by 0.54%
• Sun TV Network: ₹726.75, up by 0.44%

Market Sentiment and Outlook:

Investor sentiment remained strong throughout the session, with gains led by banking, metal, and media stocks. The surge in PSU banking stocks, supported by stable earnings reports, contributed significantly to the market’s upward movement.

The Sensex crossing the 80,000 mark is a historic milestone, reflecting the strength and resilience of India’s equity markets. As global markets continue to face challenges, Indian equities are proving to be a relatively stable and attractive investment option for both domestic and foreign investors.

BSE SENSEX Price history