Sensex breaches 83k level for 1st time on US rate cut hopes
15 Sep
Business News

Sensex breaches 83k level for 1st time on US rate cut hopes

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Business new tamfitronics MUMBAI: Across-the-board buying lifted the Sensex by over 1,400 points or 1.8% on Thursday to over the 83K mark for the first time. Global markets, which rallied on hopes of a rate cut in the US next week, boosted investor sentiment on Dalal Street. Short covering of positions by speculators, too, helped the domestic rally towards the end of the session, market players said.The day's rally added about Rs 6.5 lakh crore to investors' wealth, with BSE's market capitalisation now at Rs 480.5 lakh crore.The Sensex opened the session in the green, was up about 400 points at 81,930, slid slightly due to profit-booking in blue chips and then rallied sharply in the closing hours to record a new all-time high at 83,116. At close, it was at 82,963, up 1,440 points....
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Sensex hits 82,000, Nifty 25,000 for 1st time as US rate cut nears
04 Aug
Business News

Sensex hits 82,000, Nifty 25,000 for 1st time as US rate cut nears

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Business new tamfitronics MUMBAI: A strong US market close the previous night backed by dovish comments by the Fed chief lifted sentiment on Dalal Street on Thursday which saw the sensex break above the 82,000 mark for the first time and the Nifty above the 25,000 milestone. The indices, however, closed lower than their respective all-time highs as profit taking at higher levels had set in due to the rising geopolitical tensions in West Asia, market players said.The day's session started on a high note with the sensex rallying to an intraday high at 82,129 points while Nifty recorded its all-time high at 25,078 points.At close, the sensex was at 81,868 points, up 126 points (0.2%) while Nifty was at 25,011 points, up 60 points (0.2%).Outside of the leading indices, there was strong...
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