Sensex crosses 84,000; Nifty hits record high amid metal, auto stock rally

Mumbai, Sept 20: Indian stock markets reached unprecedented levels on Friday, with both the Sensex and Nifty indices hitting all-time highs. The Sensex surged past the 84,000 mark for the first time, trading at 84,199.41, up 1,014.61 points or 1.22 per cent from its previous close. Similarly, the Nifty climbed to 25,725.90, gaining 310.10 points or 1.22 per cent.

 

The rally was driven by strong performances in key sectors, particularly metals and automobiles. M&M led the gains on the NSE, rising 4.49 per cent, followed by Eicher Motors at 3.68 per cent, JSW Steel at 3.27 per cent, Coal India at 3.04 per cent, and Adani Enterprises at 2.67 per cent. Only a few stocks witnessed declines, with Grasim down 0.51 per cent, TCS falling 0.38 per cent, and NTPC dropping 0.28 per cent.

Market breadth remained positive, with 2,468 advances against 1,337 declines on the BSE. A total of 221 stocks hit their 52-week highs, while only 36 touched their 52-week lows. The market saw 256 stocks reach the upper circuit and 230 hit the lower circuit.

Other indices also showed robust performance. The Nifty Next 50 rose 1.20 per cent to 75,312.15, while the Nifty Bank index reached a fresh record high of 53,591.85, up 1.05 per cent. The Nifty Financial Services index gained 1.13 per cent to reach 24,678.30.

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