Stock Market Hits Fresh Peaks During The Day, Sensex Settles Above 69,500, Nifty Nears 21,000

Sectorally, the indices displayed mixed behaviour during the day. Among the gainers, the Nifty Media and IT indices remained in the lead, up by 2.11 per cent and 1.67 per cent respectively.

The broader markets closed trading entirely in green, with the Nifty Next 50 leading the gains with an increase of 1.16 per cent.

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The two key equity benchmarks, Sensex and Nifty, on Wednesday, continued rallying on the investor sentiment and touched new lifetime highs during the day. The BSE Sensex hit a fresh all-time high of 69,744.62 during the day, before settling at 69,653.73, a gain of more than 350 points. The NSE Nifty50 inched closer to reaching the 21,000 mark, and made a record high at 20,961.95, before finally closing at 20,937.65, up by almost 83 points. 

On the 30-share Sensex platform, Wipro, ITC, TCS, L&T, and Tata Motors emerged as the prime gainers for the day. On the other hand, NTPC, Axis Bank, ICICI Bank, UltraTech Cement, and Maruti stood among the losers for the day.

The broader markets closed trading entirely in green, with the Nifty Next 50 leading the gains with an increase of 1.16 per cent. Other major gainers in the day included the Nifty 100 and the Nifty 200 indices, both up by 0.60 per cent and 0.54 per cent respectively. 

Sectorally, the indices displayed mixed behaviour during the day. Among the gainers, the Nifty Media and IT indices remained in the lead, up by 2.11 per cent and 1.67 per cent respectively. The Nifty Healthcare index led the losses and was trading lower by 0.69 per cent, followed by the Nifty Bank index, which slipped 0.38 per cent during the day.

In the previous session on Tuesday, the two key equity benchmarks, Sensex and Nifty, closed on a strong day before reaching fresh highs during the day. The BSE Sensex settled at a gain of 431.02 points at 69,296.14 as trading ended, while the NSE Nifty closed at 20,855.10, after climbing 168.30 points. 

The domestic rupee appreciated 5 paise to settle at 83.32 (provisional) against the US dollar on Wednesday. The domestic unit opened at 83.35 against the greenback amidst a positive trend in domestic equities and sustained foreign fund inflows. A day earlier, the currency closed at 83.37 against the American dollar.