Today, on the last trading day of the week i.e. 7th June, the market reached an all-time high. The Sensex touched a level of 76,795 during the day's trade. At the same time, the Nifty is trading at 23,310, up nearly 500 points.
All 30 Sensex stocks are rising. M&M's shares rose the most at 6%. At the same time, shares of IT major Wipro and Tech Mahindra are seeing gains of around 5%. Shares of Tata Steel, Infosys and Ultratech Cement rose over 4%.
RBI raises GDP estimates, markets rise
The RBI has raised the GDP growth estimate for the financial year 2024-2025 to 7.2% from 7%, while maintaining the inflation estimate at 4.5%. After this announcement by RBI Governor Shaktikanta Das, the market is seeing a boom.
All sectoral indices of NSE rose
Talking about NSE's sectoral index... All sectors including Metal, PSU Bank, Auto, Financial Services, Media, FMCG and Pharma are witnessing growth. The IT sector has the highest growth of 1.90%.