The market remained on record levels on Wednesday for the second consecutive day. In the initial trading, the Sensex touched 36, 268.19 and Nifty touched 11,110.10 Earlier, the market started slowing down. Recovery from the lower level in the market came after returning to the bank, IT, FMCG, Pharma and Realty index. Heavyweight shares firmly supported ONGC, TCS, ITC, Maruti, HDFC Bank and Infosys.
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What happened on Tuesday?
- On Tuesday, the Sensex for the first time reached 36,000 and the Nifty crossed 11,000. This was the fastest rally ever of the Sensex. More than a thousand points in just 4 trading days. Nifty takes 6 months to reach 10 thousand to 11 thousand.
Later, in the evening, the Sensex was up 341.97 points at 36,139.98 and the Nifty was at 117. It closed at 11,083.70.
Midcap and smallcap stocks rally
After the initial weakness, mid-cap and small-cap stocks gained momentum from the lower level of recovery in the market. The BSE mid-cap index has increased by 0.11%
At the same time, BSE's Smallcap Index gained 0.01%.
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