Markets at record high: Sensex crosses 73,000, Nifty surpasses 22,000

In the early hours of Monday's trading session, benchmark equity indices achieved unprecedented milestones, witnessing the Sensex surpassing the 73,000 level for the first time, while the Nifty marked a historic breakthrough by exceeding the 22,000 mark. This surge was predominantly fueled by a substantial rally in IT stocks.

The 30-share BSE Sensex experienced a robust ascent, gaining 720 points to reach an all-time high of 73,288 during early trade. The Nifty also demonstrated a significant climb, advancing 187 points to establish a lifetime peak at 22,081.

Despite a reported 11.74% decline in consolidated net profit to Rs 2,694.2 crore for the third quarter ending December 31, 2023, Wipro emerged as a standout performer among the Sensex firms, recording a nearly 11% surge. Other notable gainers included Tech Mahindra, HCL Technologies, Infosys, Tata Consultancy Services, State Bank of India, and HDFC Bank.

HCL Technologies reported a substantial 6.2% increase in consolidated net profit, reaching Rs 4,350 crore—the highest ever on a quarterly basis—for the three months ending December 2023. This notable achievement was attributed to growth in both services and software businesses.

On the flip side, Hindustan Unilever, Bajaj Finance, NTPC, and Asian Paints were among the laggards during this extraordinary market session.

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