Nifty tops 24,000 for 1st time, Sensex above 79,000

For the third straight day, the domestic benchmark indices, the Sensex and Nifty 50, reached new all-time highs on Thursday, led by some of the major heavyweights.

Benchmark indexes reached new highs in today’s session, with the Nifty 50 breaking above the 23,900 barrier for the first time to reach 23,974 points, approaching the 24,000 level. At roughly 12:15 IST, the Nifty reached 24,000 points. The Nifty 50 needed 23 sessions to get from 23,000 to 24,000 level.

On the other hand, the Sensex reached a new all-time high of 79,013 points, breaking above the 79,000 barrier for the first time.

Among individual shares, five Nifty 50 constituents, UltraTech Cement, Grasim Industries, Reliance Industries, ICICI Bank and Axis Bank, reached new 52-week highs today. Cement stocks are now dominating, with UltraTech Cement rising 4.3% and Grasim Industries up 2.6%.

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