March 4, 2021 02:02 PM
Domestic stock markets traded higher on Wednesday for the third day in a row Sensex Hits 51000 Mark, as shares of key domestic companies rallied along with positive international winds. The indices, which started with gains in the morning, have been rising steadily over time. The Sensex, which started trading at 50,738 in the morning, touched an intraday high of 51,539 and a low of 50,512. It finally gained 1,147 points and closed at 51,444.
The Sensex Hits 51000 Mark, Nifty gained 326 points to settle at 15,245. The rupee had closed at 72.83 against the dollar in yesterday’s trade. Asian markets rallied on Wednesday on positive signals from US futures. The Hong Kong index Hong Seng gained 2.7 percent, the Japanese Nikkei gained 0.5 percent, the Shanghai Composite gained 2 percent and the Australian index S&P / ASX gained 0.8 percent.
Asian investors are excited to see progress towards the approval of the corona stimulus plan in the US. European markets also ended positive on Tuesday. Domestically, shares of energy, metals, finance, banking and IT stocks outperformed indices.
With the exception of one auto, almost all the sectoral indices in the Nifty ended in gains. Shares of Tata Steel, Bajaj Finserv, Reliance Industries, UPL and Bajaj Finance Ltd gained. Shares of Hero MotoCorp, Maruti Suzuki India, Mahindra & Mahindra, Bajaj Auto Ltd and Bharat Petroleum ended lower.
Sensex and Nifty extended their record-setting run for the fifth session in early trade on Friday, ahead of the RBI monetary policy outcome. Rise in global markets also supported sentiment on the Dalal Street. Sensex briefly touched the 51,000-level and Nifty scaled the key 15,000 mark.
Sensex opened above the 51k mark for the first time today. The index started at 51,031 against previous close of 50,968. With today’s rise, Sensex has hit all-time high of 51,073 and Nifty has scaled a record of 15,014.