Sensex Broke Through 55,000 Points And Set A Record High; Strong Financial Resources.
Financial stocks led the gains this morning. HDFC, ICICI Bank, HDFC, IndusInd Bank and Axis Bank each rose about 1% on the Mad Cow Disease Index.
Despite mixed signals from the global market, the domestic stock market has remained open. Asian markets were lower this morning, while the Dow Jones and S&P 500 indexes closed at historical highs overnight. At 9:18 in the morning, BSE Sensex reported 55,040 points, up 207.15 points, and NSE Nifty reported 16,426.50 points, up 62.90 points or 0.38%. The broader market was also listed in green, with the BSE Midcap index and the BSE Smallcap index rising 0.1% and 0.4%, respectively.
In terms of revenue, Godrej Industries, Grasim Industries, NBCC (India), NHPC and ONGC will report their June quarter data on the same day.
On the other hand, some pharmaceutical stocks were trading weak, Sun Pharma and Dr. Reddy each fell nearly 1% on the BSE.
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