Share market today: Sensex closes above 75k for the first time; investors earn over ₹2 lakh crore in a day

Indian stock market benchmark the Sensex closed above the 75,000 mark for the first time while the Nifty 50 also ended at its fresh closing high.

India’s strong economic growth outlook amid expectations of rate cuts, healthy corporate earnings and the prospects of political stability after the Lok Sabha elections have kept the underlying sentiment positive. Moreover, the growing might of retail investors is also a factor behind the domestic market’s resilience amid global headwinds.

Share market today

The Sensex opened 270 points higher at 74,953.96 against its previous close of 74,683.70 and jumped about 421 points to hit its intraday high of 75,105.14. The index closed 354 points, or 0.47 per cent, higher at 75,038.15

The Nifty 50 opened 78 points higher at 22,720.25 against its previous close of 22,642.75 and touched its fresh all-time high of 22,775.70 during the session, rising 133 points. The index closed the day at 22,753.80, up 111 points, or 0.49 per cent.

The BSE Midcap index outperformed the Sensex, jumping 0.89 per cent while the Smallcap index rose 0.46 per cent.

The overall market capitalisation of the firms listed on BSE rose to nearly ₹402.2 lakh crore from nearly ₹400 lakh crore in the previous session, making investors richer by over ₹2 lakh crore in a single session.

(More to come)

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Published: 10 Apr 2024, 03:30 PM IST