Sensex crosses 69k as markets surge continues; Adani pack, power grid lead gains while HUL among losers

The stock market soared to unprecedented heights on Tuesday, witnessing the Sensex breach the monumental 69,000-mark while the Nifty eyed the significant 21,000 level. This record-breaking ascent, marking the indices' sixth consecutive session of gains, was driven by robust buying, particularly in the power and utility sectors. Among the top gainers, Power Grid emerged as the frontrunner with a staggering 4.46% surge, followed by NTPC, SBI, and ICICI Bank displaying robust growth at 3.89%, 2.31%, and 2.28%, respectively.

Closing at an all-time high, the 30-share BSE Sensex surged by 431 points, or 0.63 per cent, culminating at 69,296. Simultaneously, the broader Nifty index advanced by 168 points, a rise of 0.81 per cent, reaching its lifetime high of 20,855. This impressive rally led to the combined market capitalisation of BSE-listed companies swelling by over ₹2.5 lakh crore, surpassing the significant milestone of ₹350 lakh crore.

However, amidst this fervent rise, some stocks faced downward trends. Hindustan Unilever, HCL Tech, and Bajaj Finance emerged as notable laggards, witnessing losses of up to 1.49% during the day's trading activities. Despite these setbacks, the market sentiment remained largely positive, with 20 stocks among the 30-share benchmark closing with gains, while 32 shares within the Nifty index exhibited positive movements.

Furthermore, foreign institutional investors showcased significant interest, purchasing shares worth ₹2,073.21 crore on Monday, further bolstering the market's optimistic trajectory.

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