FINAL TRADE: Bulls dominate D-Street as Nifty hits fresh record high at 20,000; Sensex climbs to over 528 points

Stock market today: In Monday’s (September 11) trading session, India’s benchmark indices created history by touching an unprecedented 20,000 on the NSE Nifty. Their gains contrasted with a decline in Asian markets ahead of the release of key macroeconomic data from major economies. The bulls dominated Dalal Street since the opening and continued their run until the market hit a lifetime high. All indices on the sector front supported the benchmark and reached a new high. Nifty took 50 trading sessions to reach the 20,000 mark from 19,000, which was achieved on June 28, 2023.

At the end, S&P BSE Sensex rose 528.17 points or 0.79 percent to 67,127.08 and NSE Nifty rose 176.4 points or 0.89 percent to 19,996.35.

In the Nifty 50 basket, 46 stocks saw an increase and only 4 saw a decline. Nifty Mid Cap 100 and Small Cap 100 rose over 1 percent at close of trading.

Nifty Bank rose 0.92 percent to close at 45,570.7.

“Nifty has finally managed to reach the much-awaited 20,000 mark in the second attempt after July 2023. Robust inflows from local investors amid mixed/negative inflows from foreigners have helped Nifty achieve this milestone. Recent successes in space and foreign diplomacy by India have boosted sentiment towards Indian stocks overall at a time when the global situation is still unstable. Smallcap and midcap stocks have risen quite sharply and in some cases unjustifiably. It is recommended to review the asset allocation and book some profits/collect some money. ” said Dhiraj Relli, MD and CEO, HDFC Securities.

(This story will be updated shortly)