The Sensex surged to a historic high of 62,000 for the first time

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New Delhi, dated 19 October 2021, Tuesday

The country is being hit by inflation on the one hand and the stock market is booming on the other.

Today, for the first time, the Sensex jumped 394 points to cross the level of 62000. The stock market opened at 62159 this morning. However, the Sensex fell again below 62,000.

The Sensex this morning saw gains in major stocks like HDFC Bank, L&T, Reliance Industries. Apart from this, shares of Mahindra, HCL Tech, HUL, Axis Bank, Bharti Airtel also rose. Shares of ITC, Ultratech Cement, Titan, Power Grid and Kotak Bank, on the other hand, declined.

Seeing the positivity in the stock market, foreign investors bought shares worth Rs 512 crore on Monday.

However, the global market is flat amid the ongoing rally in India's stock market. China's economic statistics are not good and the global supply chain has been affected. Which is having a direct impact on the inflation rate. The issue of inflation has become a worldwide concern.

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