Mumbai, July 13: Indian equity benchmark indices, BSE Sensex, and NSE Nifty50, hit new record highs on Friday, July 12, 2024. This comes after the stock market indices rallied over 1 per cent in the intraday trade.
The BSE Sensex, for instance, soared 996 points, or 1.2 per cent, to hit an all-time high of 80,893.5. The NSE Nifty50, on the other hand, neared the 24,600-mark as it hit a record high of 24,592 on July 12.
By close, the BSE Sensex stood at 80,519, up 622 points, and the Nifty50 shut shop at 24,502, up 196 points.
A large part of Friday’s rally in the benchmarks was led by information technology (IT) stocks. Share price of Tata Consultancy Services (TCS), which was the first major IT firm to report its June quarter (Q1) results for financial year 2024-25 (FY25) on Thursday, advanced 7 per cent to hit an intraday high Rs 4,199 per share before closing 6.6 per cent higher.
