Sensex crosses 52,000 mark for first time ever
BSE Sensex crossed the 52,000-mark for the first time after jumping over 500 points. Strong corporate earnings, hopes of quicker economic recovery and strong global cues boosted domestic stock markets on Monday:
ndian shares rose to an all-time high on Monday in broad-based gains as strong December-quarter corporate earnings raised hopes of a quick economic recovery.
The NSE Nifty 50 index was 0.84% higher at 15,290.85 by 9:25 am, while the S&P BSE Sensex was up 0.94% at 52,029.80. Both indexes hit record highs in early trading.
Thirteen of 14 sectoral indexes were higher, with banks leading the gains. HDFC Bank and ICICI Bank were among the biggest boosts to the Nifty 50.
On Friday, data showed India's retail inflation stayed within the central bank's target range for the second consecutive month in January.
Other Asian stocks also hit record highs on Monday as successful coronavirus vaccine rollouts globally boosted risk sentiment.