Macroeconomic data helps Sensex zoom past 55,000 mark

Sensex breached 593 points or 1.08 per cent to its new all-time high of 55,437

The 30-share Bombay Stock Exchange Sensex vaulted above the 55,000-mark for the first time on Friday as investors remained in risk-on mode amidst favourable macroeconomic data and growth optimism.

 

The BSE Sensex breached 593 points or 1.08 per cent to its new all-time high of 55,437 and touched an intra-day record of 55,487.

 

The broader NSE Nifty 50 surged the 16,500 mark , advancing 164 points or 1.01 per cent to its fresh closing peak of 16,529 and records highest of 16,543 during the day.

 

Tata Consultancy Services was the top index performer among all the Sensex components, surging 3.22 per cent, followed by L&T, Bharti Airtel, HCL Tech, Tata Steel, Bajaj Auto, HDFC Bank and Reliance Industries Ltd.

 

On the other hand, PowerGrid, IndusInd Bank, Dr Reddy’s labs, IndusInd Bank, Bajaj Finance, NTPC and Tech Mahindra were among the index laggards, down to 1.28 per cent.

 

The BSE Sensex rallied 1,159 points or 2.13 per cent and the NSE Nifty soared 291 points or 1.79per cent during the whole week.

 

Sectoral indices, BSE telecom, teck, capital goods, IT, energy and consumer durables indices surges up to 1.80 per cent, while realty, healthcare and utilities ended in the lossee. Broader BSE midcap and smallcap indices flounder the benchmark to end up to 0.06 per cent down.

 

Asian markets remained under pressure amidst China’s regulatory crackdown on companies and increasing Covid-19 cases across the country. Bourses in Shanghai, Tokyo, Hong Kong and Seoul all ended in the red territory.

India Scanner News Network

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