Stock Market Today: Sensex hits 75,000 for the first time ever

In a big milestone achievement the Indian benchmark index Sensex has hit 75,000 mark for the first time ever on Tuesday. Both the frontline indices surged on the opening trade with Nifty crossing 22,700 level.

Stock Market Today: Bull run in D-street

Sensex opened 381 points, or 0.51%, higher at 75,124, while the NSE’s Nifty 50 surged 98 points, or 0.44%, to open at 22,765 on Tuesday. Broader markets also supported the rally as the Nifty Midcap 100 and the Nifty Smallcap 100 indices gained over 0.3% each.

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Buying was seen across sectors including Nifty Realty, Nifty Auto, Nifty IT and Nifty PSU Bank.

“After a stellar FY24, Indian equity markets continue to march higher into new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping sentiments upbeat. The announcements of encouraging monthly/yearly data and some operational / order announcements by companies are attracting stock-specific buying," Dhiraj Relli, MD & CEO at HDFC Securities told Mint.

Globally, the Asian markets traded higher while the US stock market ended flat overnight.