Nifty 50 surges above 22,000 mark, hits all time high

Stocks soared to new heights in today's trading session as the Nifty 50 index surged past the 22,000 mark, achieving an all-time high of 22,215. Leading the charge were prominent players like HDFC Bank, Axis Bank, and Power Grid, driving the market to new peaks.

Despite encountering notable volatility throughout the day, with the Nifty 50 witnessing swings of up to 170 points, the index managed to conclude the session with a 0.34% increase, closing at 22,196. This marks the sixth consecutive day of gains for the benchmark index, with a cumulative surge of almost 3% over this period.

In sync with the Nifty's performance, the Sensex also experienced a notable uptick, closing 0.48% higher at 73,057. Noteworthy contributions from key banking players such as HDFC Bank, Axis Bank, Kotak Mahindra Bank, and ICICI Bank played a pivotal role in steering the market towards positive territory.

However, amidst the bullish momentum, the BSE Midcap and Smallcap indices lagged behind, closing with slight losses of 0.17% and 0.18%, respectively.

The trading day witnessed over 330 stocks hitting their fresh 52-week highs during intraday trading, indicating a widespread bullish sentiment across various sectors. Notable names among these included NTPC, ONGC, Apollo Hospitals Enterprises, Cipla, Dr Reddy's Labs, Grasim Industries, Indian Hotels Company, and Zomato, signifying the broad-based nature of today's market rally.

As investors continue to monitor market movements closely, the record-breaking performance of the Nifty 50 serves as a testament to the resilience and strength of the Indian stock market, reflecting renewed investor confidence and optimism for the future.

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