New-Delhi: In the first time in the history of India, the Bombay Stock Exchange’s Sensex breached the 50,000 mark on Thursday as the markets continued their bull run.
BSE Sensex gained 271 points to cross the historic 50,000 points benchmark, while Nifty Fifty was up 88 points to reach a record of 14,732 points on Thursday morning.
Coming a day after Joe Biden’s inauguration as US President, the BSE Sensex mirrored its Asian counterparts in having a gap-up opening.
Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 per cent from its previous close of 49,792.12.
It opened at 50,096.57 and touched a fresh all-time high of 50,126.73 points.
— BSE India (@BSEIndia) January 21, 2021
The Nifty50 on the National Stock Exchange (NSE) also touched a new record high of 14,738.30 points. It was trading at 14,720, higher by 75.30 points or 0.51 per cent from its previous close.
Healthy buying was witnessed in auto and telecom stocks. A positive trend in the global markets also supported the indices on Thursday.
The top gainers on the Sensex were Bajaj Finance, Bajaj Finserv and HCL Technologies, Bajaj Auto, Titan, RIL, Tech Mahindra, Kotak Bank, IndusInd Bank, Asian Paint, Axis Bank and DrReddy, rising upto 2.61 percent.
On the other hand, major losers were TCS, HDFC, HDFC Bank and Nestle, falling upto 0.43 percent.