Shillong, June 21: The benchmark index, S&P BSE Sensex, briefly reached a new record high during Wednesday’s trading session, gaining around 260 points to touch 63,588 points. After hovering near the milestone in recent sessions, the index faced obstacles from profit booking and weak global cues. However, strong buying activity and consistent foreign inflows eventually propelled the Sensex to achieve the milestone.
Despite the initial surge, the Sensex struggled to maintain its momentum due to high volatility. Selling pressure intensified shortly after reaching the record high, causing the index to retreat. At 10:46 am, the Sensex traded 97.48 points higher at 63,425.18, indicating that investors swiftly booked profits following the development.
While the Sensex briefly achieved an all-time high, the Nifty 50, a 50-share index, is yet to reach the same milestone as investors remain cautious. However, analysts express confidence that the Nifty will likely follow suit, albeit with some resistance.
It’s worth noting that the Sensex previously reached its intraday record peak of 63,583.07 on December 1, 2022.
Among the top gainers in the Sensex pack were Power Grid Corporation, HDFC Bank, Wipro, HDFC, HUL, and L&T, while Tech Mahindra, NTPC, Tata Motors, ICICI Bank, and Asian Paints were among the laggards.