Sensex reaches above 45,000 for first time

The stock market set a new record on December 4. The Nifty closed above 13,200 for the first time and the Sensex crossed 45,000 points for the first time.

The market has been volatile during the day but has maintained a positive trend. Similarly, Nifty gained 124 points to close at 13,258. The Sensex gained 447 points to close at 45,079.

The Nifty crossed the 13,200 resistance. The Nifty was up by 13,280 points. Bank stocks played a major role in the market surge. The Nifty Bank Index is up more than 2 per cent. The Nifty Bank Index crossed 30,000 points for the first time since last February.

Metal stocks and pharma stocks also made gains. The Nifty Metal Index rose 1.13 per cent. The Nifty Metal Index gained 1.29 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 39 stocks gained while 11 stocks lost. Adani Ports, ICICI Bank, Hindalco, Ultratech Cement and Sun Pharma were the top five gainers in the Nifty.