On January 12, the stock market touched a new record high. The stock index fluctuated early on the day but continued to rise in the last few hours. The bulls were seen tightening their grip on the market without giving bears any chance. Meanwhile, the Nifty crossed the critical level of 14,500.
Similarly, the Nifty closed at 14,563, up 14,590 points. It was 78 points higher than the closing rate the day before.
The Sensex rose above 49,500 for the first time. The Sensex gained 247 points. The Sensex closed at 49517.11 points.
Major public sector banks, real estate and auto stocks led the market to new heights. At the same time, pharma, IT and FMCG stocks lost ground. Tata Motors shares continued to surge today. Tata Motors is up 7.5 per cent.
Shares of DLF rose 9 percent. DLF hit a 52-week high of 278.35. In general, real estate stocks such as Godrej Properties and DLF are on the upswing.
There is currently no sign of a correction in the stock market. The Nifty is seen continuing its upswing without any hindrance.
Most of the Nifty stocks were gainers. 28 stocks gained while 22 stocks lost.