Nifty 50 at record high: 10 highlights from recent market rally
The Nifty 50 hit fresh record high of 21,187.10 on Thursday, December 14. Gains were mainly led by IT and banking stocks.
The Nifty IT surged over 2.5%, primarily led by major players like TCS, Infosys, and Wipro.
Notable contributors to the Nifty 50 included Infosys, HDFC Bank, ICICI Bank, Reliance, TCS, and HCL Tech, the latter hitting its own record high.
All sectors, except Pharma, made positive contributions to the Nifty 50's surge. Banking/Financialsand IT sectors led the charge.
HCL Tech's shares approached their peak value, trading near the record high it hit earlier.
SAIL saw nearly a 3% increase and exited the F&O Ban list, indicating positive market sentiment towards the stock.
IREDA continued its seven-day upward trend, marking a 10% rise and demonstrating resilience in the market since its listing.
IRCTC shares surged by 3%, hitting a new 52-week high following plans for expansion in non-railway catering services across the nation.
Shares of L&T Finance Holdings Ltd gained 1.6% after huge block deal. Around 3.67 million shares changed hands in a single block deal
The positive sentiment in the domestic markets aligned with global optimism after the US Federal Reserve hinted at potential interest rate cuts in the coming year, projecting a more aggressive decrease than previously suggested.