Stock Market today: Sensex reclaims 75,000, Nifty crosses 22,800 - Hindustan Times
close_game
close_game

Stock Market today: Sensex reclaims 75,000, Nifty crosses 22,800

May 23, 2024 01:48 PM IST

Stock Market today: On the Nifty, the major gainers were Adani Enterprises, Axis Bank, L&T, IndusInd Bank and Adani Ports.

Stock Market today: Sensex gained 774.70 points or 1.04 percent to reach 74,995.76 and the Nifty was up 243.40 points or 1.08 percent at 22,841.20 today (May 23). About 1642 shares advanced, 1639 shares declined, and 111 shares unchanged while BSE Midcap index up 0.5% and Smallcap index up 0.2%.

The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)
The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)

Read more: The Washington Post says it's pivoting to AI: ‘Financially, we are in a hole’

On the Nifty, the major gainers were Adani Enterprises, Axis Bank, L&T, IndusInd Bank and Adani Ports while losers were Sun Pharma, Power Grid Corp, Hindalco, Coal India, NTPC.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

Read more: Adani Enterprises may replace Wipro from Sensex: What it means for Adani Group

Nifty 50 index hit a record high on Thursday, as RBI's dividend to the government. The blue-chip NSE Nifty 50 rose as much as 1.08% to 22,841.65 points, an all-time high after RBI approved a record surplus transfer of 2.11 trillion rupees to the government for fiscal 2024.

Read more: Highest paid CEO in Indian IT for FY24 is Thierry Delaporte. His salary is…

Deven Choksey, managing director at DRChoksey FinServ said that RBI's record dividend will have a compounding effect on the expenditure and consumerisation of the economy.

The higher dividend from the RBI will improve the government's cash position, which is a positive for banking stocks, analysts said.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, June 24, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On