At the start of the week, market momentum surged to new heights, fueled by robust earnings. BSE's Sensex notched an all-time high at 73,288, while the Nifty 50 confidently crossed the 22k milestone, reaching an impressive peak of 22,081.
Nifty IT stands out as the prized asset in the domestic market, with Dalal Street maintaining a positive outlook on the sector. The IT index has achieved a fresh peak at 37,929, marking an impressive gain of more than a thousand points. This clearly indicates a positive shift, suggesting that the IT sector on D-Street has weathered the storm of last year. The overall markets are witnessing a formidable surge in momentum.
The shares of all top IT giants were trading in the positive territory, with Wipro experiencing a significant uptrend of nearly 10 per cent. Meanwhile, Tech Mahindra, HCL Tech, and Infosys held prominent positions among the leading gainers on the BSE. In contrast, Nifty Bank was recording marginal gains at10:30 am.