scorecardresearchStock market opening: Nifty, Sensex hit new record highs as strong US data

Stock market opening: Nifty, Sensex hit new record highs as strong US data lifts mood

Updated: 30 Jun 2023, 09:53 AM IST
TL;DR.

The Nifty index rose as much as 0.59% to a record high of 19,083.15. The S&P BSE Sensex also rose 0.63% to an all-time high of 64,321.09, as of 9:24 a.m.

Mumbai: A man walks past the BSE bull on the day of tabling of Union Budget 2023-24, at Bombay Stock Exchange in Mumbai, Wednesday, Feb. 1, 2023. With Budget announcements the 30-share BSE benchmark Sensex rose 1,000 points to touch an intra-day high of 60,1618 points but later pared down to 59,257, after dropping 450 points. (PTI Photo/Shashank Parade) (PTI02_01_2023_000222B)

Mumbai: A man walks past the BSE bull on the day of tabling of Union Budget 2023-24, at Bombay Stock Exchange in Mumbai, Wednesday, Feb. 1, 2023. With Budget announcements the 30-share BSE benchmark Sensex rose 1,000 points to touch an intra-day high of 60,1618 points but later pared down to 59,257, after dropping 450 points. (PTI Photo/Shashank Parade) (PTI02_01_2023_000222B)

(Reuters) Indian shares opened higher on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown.

The Nifty index rose as much as 0.59% to a record high of 19,083.15. The S&P BSE Sensex also rose 0.63% to an all-time high of 64,321.09, as of 9:24 a.m. IST.

The midcaps and smallcaps hovered around fresh record and 52-week highs,respectively.

All the 13 major sectoral indexes logged gains, with high-weightage financials rising 0.74%.

India's blue-chip Nifty 50 and Sensex indexes rallied to record highs on Wednesday, lifted by the gains in some Adani group stocks and financials.

The Nifty 50 has risen over 9% so far this quarter and is on course to log its best quarter since September 2021.

Wall Street equities closed higher overnight as sentiment improved on strong economic data. An upward revision in first-quarter GDP, surprise fall in jobless claims and positive results from U.S. Federal Reserve's stress test helped eased recession fears.

 

First Published: 30 Jun 2023, 09:50 AM IST