Sensex & Nifty Rises to Record High

Published : 19 July 2023

By : Sachin Gupta

The BSE Sensex pack increased by more than 300 points to reach a new record high of 67,117, while the larger NSE Nifty increased by more than 100 points to reach a new record high of 19,842.

The domestic indices rose as a result of Reliance Industries (RIL) impending demerger of its financial services division, HDFC Bank's solid June-quarter (Q1 FY24) results and Infosys's $2 billion AI contract win.

The NSE platform was outperformed by Consumer Durables, Nifty Oil & Gas, Nifty Pharma, and Nifty Bank, which saw increases of up to 1.08 percent, 0.62 percent, 0.57 percent, and 0.32 percent, respectively. The only sub-index that fell was Nifty Auto, which fell 0.14 percent.

                                          CMP  RIL                                  ₹2812.65  HDFC Bank                   ₹1677.95  Infosys                          ₹1463.6

A few of the leading causes of the increase:

Among the top losers were:

                                          CMP Hindalco                        ₹441.00      HDFC Life                      ₹654.6 Hero MotoCorp            ₹3100.05 M&M                              ₹1539.95 LTI Mindtree                  ₹3433.85