Sensex starts year on high, hits record 72,562 points

The sensex and Nifty scaled new all time highs on Monday, but ended barely changed in volatile trades. The sensex touched a new record high of 72,562 points, and closed 32 points up at 72,272, while Nifty scaled a new life high at 21,834 points and closed 11 points higher at 21,742. Software and energy stocks led the gainers in Monday's session, while banking and financial stocks witnessed selling pressure and limited the gains.

Profit taking at higher levels restricted early gains in the market, brokers said. MUMBAI: The sensex and Nifty scaled new all time highs on Monday, but ended barely changed in volatile trades. The sensex touched a new record high of 72,562 points, and closed 32 points up at 72,272, while Nifty scaled a new life high at 21,834 points and closed 11 points higher at 21,742.

Software and energy stocks led the gainers in Monday's session, while banking and financial stocks witnessed selling pressure and limited the gains. Profit taking at higher levels restricted early gains in the market, brokers said. Although the two leading indices saw profit taking and closed with marginal gains, the rally in mid cap and small cap stocks continued.

As a result, BSE's mid cap and small cap indices closed 0.5% and 0.7% higher, respectively. The day's gains added Rs 1.6 lakh crore to BSE's market cap, which at Rs 372.2 lakh crore touched a new all time high for investor wealth. FOLLOW US ON SOCIAL MEDIA Visual Stories Previous 10 Most Affordable Cities in India to Buy a House business Most Visited Monuments in India business The Pros and Cons of Investing in Value Stocks business Investing in Small Cap Stocks: Top 10 Tips for Absolute Beginners business 10 Ways to Earn Money Online by Selling Physical Products business Richest Cricket Players Across the World business 10 Things You Didn’t Know About Warren Buffett’s Investment Process business Priyanka Chopra Net Worth: Know How Rich is Global Actress business Top 10 Benefits of Investing in Small Cap Stocks business 15 Best Tax Saving Schemes in India business Next 1 2 3 Elections Chhattisgarh CM News MP CM News Rajasthan Election Results MP Election Result 2023 Chhattisgarh Election Result Mizoram Election Result TOP TRENDS India Covid Cases ISRO XPoSat launch Horoscope Today David Warner Happy New Year 2024 Wishes PM Modi Ayodhya Visit.