Sensex soars past 55,000, adds 593 points on retail ‘euphoria’
The Hindu
Tech stocks spur gains; ‘cooling inflation, pickup in manufacturing aid sentiment’
Benchmark equity indices closed at record highs on Friday, with the S&P BSE Sensex scaling the 55,000 mark, propelled by consumer and technology stocks. Amid sustained buying in blue-chip stocks, the Sensex rose 593.31 points, or 1.08%, to 55,437.29 points. The NSE Nifty 50 climbed 164.70 points, or 1.01%, to 16,529.10, its highest close ever. The top Nifty-50 gainers included Tata Consumer, which rose 4%, TCS (3.11%), L&T (2.56%), HCL Tech (2.5%) and Tata Steel (2.22%). Reports of a dip in retail inflation in July and pickup in manufacturing activity in June buoyed market momentum, analysts said.
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