stock market today, bse sensex And Nifty50 closed at all-time high on Friday, ending the week on a positive note. Both the benchmark equity indices registered notable gains of more than 1%. This surge was due to a significant rise in IT stocks tcs And Infosys Exceeding financial expectations.
The 30-share BSE Sensex rose 1.18% or 847.27 points, ending the trading session at a record of 72,568.45. Intra-day, it touched 72,720.96, registering a rise of 1.39%.
nifty It also saw a rise, rising 1.14% or 247.35 points to a lifetime high of 21,894.55. Intra-day, it hit a new record of 21,928.25, marking a rise of 1.29%.

BSE Sensex, Nifty50 at lifetime highs: Why did the stock market rise today?

Narendra Solanki, Head Fundamental Research – Investment Services, Anand Rathi Shares & Stock Brokers said Indian markets witnessed a positive trend following better-than-expected results from IT majors, which were marginally better for the third quarter than expectations. Is consistent with the results. Dull results.
“This led to overall positive sentiments in the IT sector and heavy buying at IT and tech counters helped the indices post strong gains. The rally was also supported by follow-on buying seen in realty, oil & gas and PSU banks, leading to strong gains,” Solanki told TOI.
Siddharth Khemka, head of retail research, broking and distribution at MOFSL, said a boom in the IT sector and a 19% rise in India’s net direct tax collections helped domestic equities make new highs on Friday. “Nifty is now just 100 points away from crossing another milestone of 22k area. In the coming week, the market will take cues from Q3 results, India’s inflation and US PPI data. HDFC Bank, HUL, UltraTech, ICICI Bank, Asian Paints and many midcap companies will announce their third quarter results next week. Thus, we can see stock-specific action. US markets will remain closed on Monday,” he told TOI.
Indian markets hit unprecedented highs in a strong rally led by influential players in the IT sector, according to Vinod Nair, head of research at Geojit Financial Services. Emerging signs of recovery within the IT industry supported by optimistic forecast for BFSI in FY2015 positively impacted market sentiments. Nair said the strong performance of PSU banking stocks has been bolstered by the natural alignment between their loan portfolio and the current business cycle.

The market capitalization of all stocks listed on BSE also saw a significant rise, rising by nearly Rs 3 lakh crore to Rs 373.4 lakh crore, ET reported. In dollar terms, indian stock market It is now close to the $4.5 trillion mark, potentially positioning it to overtake Hong Kong as the world’s fourth-largest equity hub.
Interestingly, today’s rally seemed unaffected by higher-than-expected US inflation and positive jobs data, which dampened expectations of an immediate rate cut by the US Federal Reserve.
While US markets remained relatively stable due to higher-than-expected inflation, Japan’s Nikkei stock average hit a new 34-year high on Friday.
The market has also been supported by continuous investment in mutual funds and buying by retail investors. Recent market data shows that domestic institutional investors were net buyers, contributing over Rs 1,600 crore.
Another factor working in favor of today’s rally was that both Nifty PSU Bank and Nifty Realty saw gains of around 2-3%, as investors remain optimistic about their growth outlook in the near term.
The sustainability of this rally remains uncertain. The ongoing earnings season for the December quarter is expected to be a key factor impacting market returns in the near term. A substantial rise of over 6% in Reliance Industries (RIL) shares in the last three sessions has also supported the overall index. The market will closely watch HDFC Bank results on January 16 to know more about the direction of Bank Nifty.
Infosys surged nearly 8% after December quarter earnings met market expectations. Tata Consultancy Services saw nearly 4% growth in net income at Rs 11,735 crore in the December quarter, boosted by 8.2% growth.
BSE Information Technology index showed the biggest jump among sectoral indices, rising 5.06%.