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Sensex crosses 60,000-mark for the first time ever, Nifty nears 18,000

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Sensex crossed the 60,000-mark for the first time ever as the rally in India’s equity markets continued on Friday morning.

The broader 50-share NSE Nifty was nearing its own landmark of 18,000 points. At 10.50 am, the index was trading at 17,931.40, up by 0.61%. Sensex had crossed 60,250 points.

On Thursday too, the two benchmark indices had gained more than 1% each. Sensex had ended the day with a gain of 960 points to close at 59,887.

Both the indices began trading on Friday morning with record openings.

Analysts cited by Reuters said that the diminishing concerns about a possible third wave of the coronavirus pandemic and a pick up in the pace of vaccination against the disease have contributed to the gains in the markets.

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Investor sentiments also received a boost as global stock markets rallied overnight.

In the United States, the Dow Jones Industrial Average rose 1.48% in Thursday’s trading session, while Nasdaq gained 1.04%. The US dollar also retreated from one-month high levels.

Among India’s sectors, the information technology sub-index was gaining the most (2.63%) on the Nifty on Friday morning. The bank and automobile sub-indices were also gaining nearly 0.5% each.

Leading technology companies like HCL (3.02%), Infosys (2.49%), Tata Consultancy Services (1.83%) and Tech Mahindra (1.14%) were among…

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