Sensex Hits 72,000 Level For 1st Time On Global Cues

Shipping cos resuming ops via Red Sea, Fed rate cut hope boost mkt

-  ARSHAD KHAN

DOMESTIC equity market registered a gain for the fourth successive session on Wednesday, with two benchmark indices NSE Nifty50 and BSE Sensex clocking all-time highs.

The NSE index hit a fresh lifetime high of 21,673, while the BSE index crossed the 72,000 level for the first time.

The 30-share index had scaled the 70,000 mark for the first time on December 11 and the 71,000 mark on December 15.

At Wednesday's close, Sensex was up 701.63 points or 0.98% at 72,038.43, and the Nifty was up 213.50 points or 1% at 21,654.80.

Vinod Nair, head of research at Geojit Financial Services, said this upward trend was Yet another milestone Nov 28 66,174.20 Dec 27 72,038.43 Dec 1 Dec 6 Dec 11 Dec 14 Dec 19 Dec 22 mainly supported by the Santa Claus rally in anticipation of early rate cuts by the US Fed and cooling global inflation.