Sensex scales 70,000-peak for first time in early trade; Nifty crosses 21,000-level

Benchmark Sensex surged past the 70,000-level for the first time in early trade on December 11 and the broader Nifty crossed the 21,000-mark as equity market continued with its bullish momentum. The key indices had touched their new lifetime highs on December 8 after the Reserve Bank of India raised the growth forecast for the current fiscal and kept policy rates unchanged.

Benchmark Sensex surged past the 70,000-level for the first time in early trade on December 11 and the broader Nifty crossed the 21,000-mark as equity market continued with its bullish momentum.

The key indices had touched their new lifetime highs on December 8 after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged.

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The 30-share Sensex touched its all-time high of 70,048.90 points soon after opening and later marginally shed its gains to 69,958.13 points, which is a rise of 132.53 points or 0.19% compared to Friday's closing level.

Reflecting similar trends, the 50-share Nifty climbed to its high of 21,019.80 points. Later, it was trading at 20,984.65 points, gaining 15.25 points or 0.07%.

In the Sensex pack, 20 scrips were trading in the green while 10 were in the negative territory. Among the Nifty constituents, 27 stocks gained while 22 declined in early trade.