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Sensex closes above 30k for the first time ever; Nifty scales 9351

Sensex, which was struggling to touch 30000 mark has finally crossed the 30K mark and seen to be well placed above 30100 level. Sensex closed at 30133 level higher by 190 points. Nifty touched its all-time high of 9367 level in the Wednesday’s trading session. The Nifty has closed higher for the third consecutive trading session at 9351 level up by 45 points.
HDFC and HDFC Bank led the market rally. IT stocks remained under pressure throughout day wherein the Tech Mahindra stock was the biggest loser closed lower by 2.9% at Rs 425.45 per share.
The after-market hours brought good news to the commodities traders that the market regulator SEBI approved the introduction of options trading in the commodities market.
In the banking space, the Bank Nifty index touched the fresh 52-week high of 22276 level up by 222 points. Punjab National Bank was the eye-catcher among the banking stocks which closed higher by 3.66% at Rs 167 per share. The private sector bank stocks like HDFC Bank, ICICI Bank and Kotak Bank while the public-sector bank stocks like State Bank of India and Punjab National Bank were the top contributors to the Bank Nifty’s gains.
The Indian rupee touched its 20-months high of 63.93 per dollar.
The shares of Adani Group companies including Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power and Adani Transmission cracked up to 14% in the Wednesday’s trading session.
At the time of market closing, the data available with the National Stock Exchange shows that the S Chand IPO got subscribed by 24% on its first day of subscription.
One of the most expensive stock on the Indian bourses, MRF Limited closed higher by Rs 2573.4 per share or 3.87% at Rs 69018 per share.
Movers and Shakers of the day:
Swaraj Engines Ltd closed higher by 12.71% at Rs 1863.65 per share.
Nucleus Software Exports Ltd. closed higher by 9.58% at Rs 311.2 per share.
Cummins India Ltd. closed higher by 4.15% at Rs 1010 per share.
Apollo Hospitals Enterprise Ltd. closed higher by 4.08% at Rs 1216.5 per share.