Sensex hits historic 70,000 points; nifty crosses 21,000 mark

In an early morning surge, the Sensex, India's benchmark index, marked a historic milestone by surpassing the 70,000-point threshold for the first time on Monday. Simultaneously, the Nifty, a broader index, surged past the 21,000 level, solidifying the stock market's ongoing bullish streak.

This remarkable achievement follows the indices reaching unprecedented highs last Friday, bolstered by the Reserve Bank of India's optimistic growth projection for the current fiscal year and its decision to maintain unaltered policy rates.

Starting the day on a high note, the 30-share Sensex hit an all-time pinnacle of 70,048 points immediately after opening. However, it slightly retreated from this zenith to settle at 69,958 points, still marking a notable upswing of 132 points in comparison to the previous closing level.

In a parallel, the 50-share Nifty soared to its peak at 21,019 points before moderating to 20,984 points, indicating an increase of 15 points from the previous trading session.

Foreign Portfolio Investors displayed a bullish sentiment, injecting ₹26,505 crore into the domestic equity market within the initial six trading sessions of December, reflecting growing confidence in India's economic prospects among international investors.

The bullish trend in the stock market resonates with the positive sentiments prevailing among investors, supported by upbeat economic indicators and a favourable policy environment.

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