![Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300](https://images.assettype.com/fortuneindia%2F2022-01%2F5682349c-99ba-40c3-8de3-36799d8eeebf%2FMKT_020A6528_copy.jpg?w=300&q=95)
Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
The share price of HDFC Bank rallied 3.5% to touch a fresh 52-week high of ₹1,791.90 on the BSE today.
In the rate-sensitive space, the financial services sector was the top performer, with IIFL Securities, Bajaj Finance, Paytm rising up to 20%.
In a similar trend, the Nifty50 climbed 409 points, or 1.8%, to 23,230 mark after the RBI kept key repo rates unchanged for the eighth time in a row at 6.5%.
The Nifty MidCap 100 Index trades at 30.7x one-year forward earnings as compared to 19.7x for the Nifty
The IT heavyweight has maintained an uptrend for the last three sessions and rose nearly 10% during the same period.
Driven by strong rally, the market capitalisation of all listed companies on BSE jumped by over ₹11 lakh crore to ₹423.21 lakh crore.
The equity market sentiment is likely to be boosted by exit polls results, strong Q4 GDP growth rate, and May GST collection numbers.
The m-Cap of all BSE-listed companies touched $5 trillion for the first time in intraday trade, rising from $4 trillion in just six months.
India VIX has maintained an uptrend for the eight sessions, hitting a fresh 52-week high of 17.64 intraday today