New Delhi. National Stock Exchange’s benchmark index, Nifty, has successfully crossed the major threshold of 20,000 for the first time in its history. This achievement comes after a series of 52 trading sessions where Nifty has made steady progress from 19,000 on its way to this remarkable milestone. The surge was driven by significant inflows into Adani Group shares and banking stocks, which propelled Nifty to this historic feat.
Adani Group impact and banking stocks lift Nifty
Adani Group, a conglomerate known for its diverse interests in sectors ranging from ports to renewable energy, played a key role in today’s achievement. Substantial buying activity was witnessed in the group’s shares, leading to a rally in the market. Along with this, the banking sector also witnessed an influx of investments, which significantly contributed to the upward move of Nifty.
BSE Sensex shines above 67,000 points
With Nifty’s significant achievement, the Bombay Stock Exchange’s flagship index, BSE Sensex, once again crossed the 67,000-mark. This achievement reinforces the strong performance and resilience of the Indian stock market in the face of global economic uncertainties.
#WATCH , Mumbai, Maharashtra | Celebrations at National Stock Exchange (NSE) as Nifty50 touches 20,000 mark for the first-time ever. pic.twitter.com/bWacsEQOEf
— ANI (@ANI) September 11, 2023
BSE Sensex at 67,156 and Nifty at 20,000
As the trading day ended, BSE Sensex showed an impressive surge and touched 67,156 points with a significant gain of 550 points. Meanwhile, Nifty maintained its historical high and closed at 20,000 level with a remarkable jump of 180 points. This closing is not only an important milestone in the Indian stock market but also bodes well for the overall financial health of the economy.