Nifty closes above 13,000 points for first time

The 50-share index Nifty rose above 13,000 points for the first time in history. The trade ended at this level. HDFC Bank, Adani Ports, Eicher Motors, Hindalco, Mahindra & Mahindra, Kotak Mahindra Bank, Tech Mahindra, Tata Steel, Asian Paints, HDFC Life and Grasim were among the gainers.

The stock market, which has been steadily rising, set a new record. Banks, auto and pharma stocks were the main contributors to the stock market’s rise to new heights. The Nifty Bank Index was up 2.46 per cent, the Nifty Pharma Index was up 1.22 per cent and the Nifty Auto Index was up 1.71 per cent.

The Sensex closed above 44,500 and the Nifty closed above 13,000. The Nifty set a new record of 13,079. The Sensex was up by 445.87 points and the Nifty by 128.70 points.

The Sensex closed at 44,523.02 points and the Nifty at 13055.20 points. The Nifty traded down 200 points during the day. The day’s low was 12,978 points.

Adani Ports, Axis Bank, HDFC Bank, Eicher Motors and Hindalco were the top five gainers. Shares of Axis Bank, HDFC Bank, Aysher Motors and Hindalco gained over 3 per cent.

Most of the stocks in the Nifty gained. Out of the 50 stocks in the Nifty, 38 gained while 12 lost. Shares of Titan, HDFC, BPCL, Nestle India and GAIL lost ground.