Stock Markets raced to new lifetime highs on 23rd May 2024. Investors after a flat start started investing big time in IT, Banking sectors high time. RBI Dividend announcement has helped big time in this surge. International traders have also invested big time causing for bullish gains.
RBI announced Rs.2.11 Lakh crores dividend to Indian Government. This is double than the Budget estimate of Rs.1 Lakh crores dividend. This has made investors start investing in big stocks of Stock Markets. Hence, BSE gained 1,196.98 points to close at 75,418.04 and Nifty gained 369.85 points to close at 22,967.65 mark.
In this session of Stock Markets, BSE Sensex started trading at 74,253.53 and then continued to trade between 74,158.35 – 75,499.91. On the other hand, Nifty Sensex started trading at 22,614.10 mark and it hit its highest for the day at 22,993.60. Nifty50 hit the lowest at 22,577.45.
Indian Rupee traded at Rs.83.21 against USD on 23rd May 2024. Adani Enterprises, Adani Ports, Axis Bank, L&T and M&M shares have registered gains and became Top Gainers. Sun Pharma, Power Grid Corp, Hindalco, Coal India and NTPC have ended as Top Losers. Stock Markets could keep up this positive trend and hit even bigger high lifetime highs predict traders.