Indian Stock Indices Hit Record Highs; Infosys and Wipro Lead the Surge

Equity markets in India continued their upward trajectory on Monday, with the leading indices witnessing a substantial uptick, building on the previous session's momentum. The BSE Sensex surged by an impressive 550 points to settle at 73,127, while the NSE Nifty50 index climbed 133 points surpassing the significant 22,000 mark. This rally marked the consecutive day of record highs for the Indian stock markets.

Top Performers Drive Market Gains

Among the top performers contributing to the market rise were well-known IT firms INFY (Infosys Limited) and WIT (Wipro Limited), whose stock prices soared by 10 per cent and 4 per cent, respectively. Infosys, a leading player offering digital consulting and technology services, continued to showcase its expansive global footprint from its Bengaluru headquarters. Similarly, Wipro's impact as a worldwide IT, consulting, and business process services provider, also based in Bengaluru, was evident in its stock performance.

Banking Sector Joins the Rally

The banking sector also participated robustly in the rally with IBN (ICICI Bank Limited), which delivers a wide array of banking products and financial services across India and globally from its Mumbai headquarters, contributing to the bullish sentiment.

Other Notables in the Spotlight

Other noteworthy mentions included NSRGF (Nestle SA), the Swiss multinational food and beverage conglomerate that also had a significant impact on the market's positive movement, resonating investor confidence across various sectors of the economy.

Equity, Markets, Rally