Stock Market Live Today: Indian stock indexes are trading almost flat after hitting record highs.
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Earlier today, Sensex and Nifty continued their winning streak and opened in green territory following cues from global markets. BSE Sensex opened at 75,124.30, up 381.78 points or 0.51%, while Nifty rose 98.80 points or 0.44% to open at 22,765.10. The Sensex crossed the 75,000 mark for the first time in history.
From the Sensex basket, TCS, Infosys, Tech Mahindra, HCL Technologies, Tata Motors, Wipro, ICICI Bank and Nestle were the major gainers. Kotak Mahindra Bank, Reliance Industries, JSW Steel and Larsen & Toubro were among the laggards.
“In the current market environment, the Nifty index stands at unprecedented heights, supported by several positive catalysts including strong Q4 corporate earnings expectations in India, strong US economic data and easing oil prices. ,” said Prashanth Tapse, senior vice president (research).Mehta Equities Co., Ltd.
“The new record set by the market yesterday confirms the market’s bullish tone. A healthy and desirable trend in yesterday’s market movement was the outperformance of large-cap stocks. This trend is likely to continue. “It’s expensive,” said VK Vijahakumar, chief investment strategist at Geojit Financial Services.
International crude oil benchmarks have so far seen a slight decline in prices as tensions in West Asia ease due to the withdrawal of Israeli forces from the Gaza Strip. However, due to decreasing expectations, prices gradually increased as the days passed. The Brent crude oil index was trading 0.28% higher at $90.63 per barrel, while WTI rose 0.22% to $86.61 per barrel.
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