Markets open at record high, Sensex crosses 69,000 points for first time

Setting yet another record, India’s benchmark indexes Sensex and Nifty opened on Tuesday.

With yet another spike after the significant win of ruling BJP in three out of the five state assembly elections 2023. The results of four states were declared on Sunday, and the markets saw a huge surge on Monday morning.

Sensex and NSE Nifty were at an all-time high on Tuesday, just 24 hours after setting the highest ever spike, result of the Bharatiya Janata Party (BJP) winning the elections in three important states – Madhya Pradesh, Rajasthan and Chhattisgarh.

The NSE Nifty 50 index rose 0.52% to 20,794.50 points, while the S&P BSE Sensex was up 0.50% to 69,204.10 as of 9:51 a.m. IST.

Banks gained 0.7% while public sector banks added 1.3%. Several brokerages picked financials and large-caps among their most preferred sectors as they anticipated a rally in domestic equities ahead of 2024 Lok Sabha elections.