Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time

The robust momentum observed in the Indian benchmark indices on Friday continues into Monday's trading session, with both Nifty 50 and Sensex reaching new record highs. In the early trade today, Nifty 50 surged to a peak of 22,081 points, surpassing the 22,000 mark for the first time. Simultaneously, the S&P BSE Sensex achieved a historic peak, scaling to 73,049 points and crossing the 73,000 mark for the first time.

This extraordinary rally was primarily driven by the Information Technology (IT) sector, where industry leaders such as Infosys, TCS, Wipro, and HCL delivered robust performances in the third quarter of the fiscal year 2024. Infosys and Wipro, which have been laggards in comparison to the benchmark, are making a strong comeback following their robust Q3 FY24 results, contributing to the Nifty 50 reaching new highs over the last two trading sessions.

As of 09:45 am, shares of Wipro are trading with a gain of 11.35% at 519.35 apiece, while those of Infosys, TCS, and HCL are trading with gains of 3.14%, 2.09%, and 3.79%, respectively. (Please note that this is a developing story, and updates will be provided shortly.) Livemint tops charts as the fastest growing news website in the world to know more.

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