Stock market today: Sensex ends over 1,000 points higher, Nifty 50 settles above 22,300-mark led by metal, bank stocks

For the first time ever, the Nifty 50 crossed 22,300 intraday, while the Nifty Bank touched 47,000 intraday. Sensex hit record high and crossed over 73,700-mark.

The 30-share BSE Sensex ended higher by 1,245.05 points or 1.72% at 73,745.35 level while the Nifty 50 closed at 22,338.75 level, up 355.95 points or 1.62%. On the broader market front, the Nifty Small Cap 100 gained 0.52% and the Nifty Midcap 100  was up by 0.94%.

“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!

According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the week unfolded with considerable drama as market participants kept speculating about the trend.  Following a pattern reminiscent of the previous Thursday, prices found support around 21,850 and rallied significantly on Friday, with the Nifty 50 surging more than 1.50% to break out of the recent consolidation range and closing at a fresh new high above 22,300.

(more to come)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Published: 01 Mar 2024, 03:30 PM IST