Leaders Online Desk: On the occasion of Gudi Padwa, the Indian stock market hit a new record high on Tuesday (9th). Sensex crossed the 75 thousand mark and touched a new high in the opening trade. Nifty touched the high of 22,750 for the first time. Especially IT and auto stocks are seeing strong buying. A rally in heavyweights like Infosys, Bajaj, Maruti Suzuki and HDFC Bank helped the stock market hit record highs.
Sensex opened at 75,124 today. Sensex was trading at 74,944 at 9.45 am. Infosys, HCL Tech, Tech Mahindra, Wipro, TCS, ICICI Bank are the top gainers on the Sensex. While the shares of JSW Steel, Titan, Reliance are showing a minor decline. BSE Midcap and Smallcap are also trading in green.
Nifty touched an all-time high of 22,765 in early trade today. Infosys, Apollo Hospitals, LTIMindtree, HCL Tech and HiromotoCorp are the top gainers on the Nifty. While the shares of Eicher Motors, BPCL, Titan have fallen. Nifty Bank, Nifty Financial Services indices are bullish.
Slowdown in US market, boom in Asia
Globally, US stock market indices closed flat on Monday. Because now the attention of investors has turned to the inflation data to be announced on April 10. Due to this, investors have taken a cautious stance. But the sluggish condition of the US stock market did not affect the Indian market today. Sensex and Nifty have maintained record highs.
The Dow Jones Industrial Average 30 index in the US market closed down 0.03 percent. The S&P 500 was down 0.04 percent. Meanwhile, the Nasdaq Composite closed up 0.03 percent.
Meanwhile, most of the major indices in Asia are trading positive except China's Shanghai Composite. In early trade, Japan's Nikkei 225, Hong Kong's Hang Seng and Singapore's FTSE Strait Times Index were up.
Strong buying by domestic investors
Domestic institutional investors (DIIs) bought shares worth Rs 3,470.54 crore on Monday. While foreign institutional investors sold Indian shares worth Rs 684.68 crore on Monday.