A digital display board can be seen in front of the Bombay Stock Exchange (BSE) building to celebrate the Sensex Index benchmark, which exceeded 60,000 points in Mumbai, India, on September 24, 2021. (PunitParanjpe / AFP via Getty Images)
Indian stocks hit a record high on Friday (September 24th), with benchmark S & P BSE Sensex surpassing the 60,000 level for the first time against the backdrop of rising tech and real estate stocks.
By 0354 GMT, the NSE Ifty 50 Index for Best Equity was up 0.47% to 17,907.5 and Sensex was up 0.49% to 60,180.62.
India’s stocks are on track for the fifth straight week of gains, and analysts believe the fast-moving vaccination campaign has reduced concerns about the possibility of a third COVID-19 wave.
Tech stocks surged 1.6% and Infosys Ltd rose more than 2%, the largest rise in the Nifty50 index.