D-Street Bull Run: Indian Stock Market Reaching All-Time Highs! Nifty Soars to 22,765, Sensex Crosses 75K – Check Details

Indian stock market indexes had a strong start to trading on Tuesday, setting new highs in spite of Monday’s lackluster performance in US markets. The IT and auto industries had very strong purchasing activity.

Index Documents and Motion
With a fresh top of 75,124, the S&P BSE Sensex broke beyond the historic 75,000 milestone for the first time. Concurrently, the wider Nifty50 also reached a new high of 22,765. Following that, both indexes continued to rise, closing 0.20 percent higher.

Market Extent and Leading Companies
Bulls benefitted from the momentum of the Nifty, as 35 equities are now trading higher. Top gainers were Divi’s Laboratories, ONGC, Eicher Motors, Tata Consumer Products, and Reliance Industries; top losers were Hero MotoCorp, Infosys, Tata Motors, Bajaj Finance, and Power Grid.

Focus on Stocks

At the beginning of trade, a number of equities gained prominence, such as Infosys, Axis Bank, and Gland Pharma. After a Bank of America upgrade, Infosys saw a significant jump, while Axis Bank did not change despite a block transaction. On the other hand, Gland Pharma saw a decline after news of stock sales by RP Advisory Services and Nicomac Machinery.
International Market Patterns

The transfer of the US market was muted, as key indexes ended Monday slightly down. The Nasdaq Composite witnessed minor increases, while the Dow 30 and S&P 500 suffered tiny decreases. The majority of Asian indexes showed upward tendencies, with the exception of China’s Shanghai Composite, which saw a little decline.

Impact of Crude Oil and Investor Activity

With US WTI and Brent oil futures trading at $86.640 and $90.660, respectively, crude oil prices moved upward. On Monday, international institutional investors sold Indian shares, while local institutional investors emerged as net purchasers.