Business India

Sensex hits 37000 for a first time, Nifty also raises

Sensex hits 37000 for a first time, Nifty also raises
Written by Abhishek Lohia

The Sensex has made history by making record high for the fourth consecutive day. For the first time in the history of stock exchange, the Sensex crossed the level of 37000. The stock market started on Thursday on a record high. With the jump of Sensex on the expiry of July Future & Options (F & O) contracts, the Nifty also made a new record high. Nifty crossed the 11,172.20. PSU Bank, Auto, FMCG shares have a big share of this strong start of the domestic stock market. At the moment, the Sensex is trading 148 points, or 0.4 percent, at 37,007 levels. At the same time, the Nifty is trading 37 points ie 0.3 percent and trading at 11,169 level.

Nifty strikes high

For the fourth consecutive day, the Sensex has touched new heights. On Thursday, the Sensex managed to cross the 37,000 mark for the first time. During the trading, the Sensex reached the all-time high of 37014.65.

Previous hits of Nifty in July 2018

  1. July 25 – Sensex hiked to 36947.18.
  2. July 24 – The Sensex went up to 36902.06 levels.
  3. July 23 – The Sensex has a record level of 36749.69.

On Thursday, Nifty also broke the previous record high and reached the all-time high of 11,172.20. Earlier, on January 29, 2018, the Nifty made a high of 11,171.55.

Meanwhile, UltraTech Cement, SBI, ITC, Eicher Motors, Tata Motors, Bharti Airtel and IndusInd Bank have rallied 2.2-0.7 percent in giants in the market. However, Bharti Infratel, Tech Mahindra, HPCL, BPCL, Adani Ports, HUL, Hero Moto, Sun Pharma and Tata Steel are getting weakness of 1.8-0.3 percent. PSU Bank, FMCG, auto, pharma and capital goods stocks are looking good. Bank Nifty has reached a level of 27,148 with a strong 0.5 percent. However, there is pressure in metal and IT stocks.

Shopping is also seen in mid-caps and smallcap stocks. BSE’s mid-cap index has jumped 0.6 percent, while the Nifty mid-cap 100 Index has gained 0.3 percent. BSE’s Smallcap index has grown by 0.3 percent.

About the author

Abhishek Lohia

Abhishek Lohia was a Sports and Political Writer working for Newsfolo and is no longer associated with the organization.

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