TIWN
Mumbai, Aug 13 (TIWN) The Indian stock market surged on Friday with both the BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) settling at record high closing levels.
Earlier in the day, Sensex crossed the landmark 55,000 mark for the first time in its history and touched its all-time intra-day high of 55,487.79 points. It closed at 55,437.29, higher by 593.31 points, or 1.08 per cent, from its previous close of 54,843.98. It had opened at 54,911.95 and touched an intra-day low of 54,905.49 points. The Nifty50 on the National Stock Exchange closed at 16,529.10, higher by 164.70 points, or 1.01 per cent, from its previous close. Nifty also recorded its all-time high of 16,543.60 points during the day. Analysts said that healthy macro-economic data, as well as hopes of a faster economic revival, lifted India's key equity market indices.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals