Mumbai: The BSE Sensex has for the first time breached the 50,000-mark in pre-opening session Thursday. It jumped over 240 points or 0.50 per cent to reach the all-time high.
Meanwhile, the broader Nifty 50 index crossed the crucial 14,700. The market sentiment seems to have been lifted due to factors like Joe Biden’s swearing-in as 46th US president, the run-up to the Union Budget 2021, Covid-19 vaccination drive and other global cues. On Wednesday, the BSE closed at 49,792 after touching an intra-day high of 49, 875.
And the NSE Nifty settled at 14,645. Gains from IT and auto stocks and positive cues from global markets has led the nearly 400-point rally.
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