Market / Sensex hits 52,000 for the first time, Nifty hits record-high of 15,300

Indian equity benchmark Sensex hit 52,000 for the first time on Monday after having hit 51,000 for the first time on February 5. Banks led the surge, with Axis Bank, Kotak Mahindra Bank, HDFC Bank, SBI and IndusInd Bank climbing around 2-3 percent. Meanwhile, Nifty also surged to record 15,300.

Vikrant Shekhawat : Feb 15, 2021, 11:24 AM
Mumbai: Markets rose to an all-time high on Monday led by broad-based gains on strong December-quarter corporate earnings amidst positive global cues with the Sensex crossing 52,000-mark for first time ever.

The BSE Sensex rallied 463.71 points to of 52,008.01 in opening session while the NSE Nifty surged 126.25 points to record 15,289.55.

MSCI`s broadest index of Asia-Pacific shares outside Japan jumped 0.4% to 736.4. Japan`s Nikkei climbed 1.1%, despite data showing the country`s recovery from its worst postwar recession slowed in the fourth quarter, a Reuters report said.

Australia`s benchmark index added 0.9% while E-mini futures for the S&P 500 were up 0.3% in early Asian trading. China and Hong Kong markets are shut for the Lunar New Year holiday. U.S. stock markets will be closed on Monday for the Presidents Day holiday, Reuters added. Brent crude rose $1 to $63.43 a barrel. U.S. crude oil gained $1.2 to $60.7.