Stock Market Today: Nifty 50, Sensex hit fresh record highs, extend gains into fifth consecutive session

Stock market today: Equity benchmarks the Sensex and the Nifty 50 reached a new peak on Thursday, December 28, while marking their fifth consecutive session of gains, propelled by widespread buying amidst mixed global cues.

Investors’ robust risk appetite continues to mirror India’s strong economic growth. Additionally, the anticipation of rate cuts in the US has spurred increased foreign capital inflows and led to the depreciation of the dollar against other currencies, further contributing to the bullish sentiment.

Nifty 50 opened at 21,715 against the previous close of 21,654.75 and hit its fresh all-time high of 21,801.45 during the session. The index finally closed 138 points, or 0.64 per cent, higher at 21,792.70.

The Sensex opened at 72,262.67 against the previous close of 72,038.43 and hit its fresh record high of 72,484.34 during the session. The index ended with a gain of 373 points, or 0.52 per cent, at 72,411.23.

(More to come)