Mumbai: On Friday, the Indian stock market celebrated a remarkable achievement as the BSE Sensex crossed the 84,000 mark for the first time in history, marking a new all-time high for the second consecutive day. The trading session, which began with a sluggish start, quickly transformed into a significant rally, showcasing the resilience and potential of the domestic market.
After opening at a promising note, the market faced initial pressure with the Sensex dipping to 83,370 points shortly after 9:20 am. However, in a stunning turnaround, it surged by over 900 points, hitting a peak of 84,159 around 11 am. The Nifty, too, joined the celebration, reaching an impressive height of 25,645 points, a notable gain of 225 points during the same time.
The day’s trading resulted in substantial gains for investors, with the market capitalisation of BSE-listed companies increasing by ₹4 lakh crore to a total of ₹4,69,33,988 crore. This follows Thursday’s record, where the Sensex had already achieved an impressive high of 83,773.61 points, while the Nifty reached 25,611.95 points before facing some profit-booking.
Among the standout performers in the market, shares of Cochin Shipyard saw a remarkable increase of 10 percent, reaching ₹1,841. IIFL Finance also climbed by 10 percent, reaching ₹541. Other notable gainers included RITES, BSE, and Mazagon Dock, which rose by 8 percent, 9 percent, and 7 percent, respectively.
The market’s bullish trend highlights the growing confidence among investors and the overall health of the Indian economy, setting an optimistic tone as the trading week concludes.