Impact of GDP figures: Sensex hits record high of 73,745

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- New acquisitions of domestic institutions and foreign investors

- Sensex rose 1,245 points to close at 73,745 and Nifty jumped 356 points to a new high of 22,339.

AHMEDABAD: Indian stock markets today witnessed a stormy rally on the back of other favorable reports, including reports of a surprise growth of 8.4 percent in the economic growth i.e. GDP figures for the December quarter. At the end of business, Sensex closed at a new record high of 73,745 and Nifty at 22,339. Behind the surge in the Sensex, investors' assets (BSE market cap) also rose by Rs. An increase of 4 lakh crores was seen.

The GDP figures released yesterday showed an increase of 8.4 percent, completely against market expectations. On the other hand, today in the month of February, there is a significant improvement in the activities of the manufacturing sector. The PMI also rose to a 5-month high. There were reports of foreign investors shifting away from China to India following the headwinds in China, besides the recent SEBI advisory to funds for small midcap stocks, the market saw an increase in the attraction of largecap stocks.

Thus, the Mumbai stock market opened on a firmer tone today on the back of various favorable macro data and the Sensex rallied at one stage on the back of a fresh rally to touch an intra-day all-time high of 73,819.21 before ending the session by 1,245.05 at 73. , closed at a new historical high of 745.35.

The NSE Nifty index opened on a firm tone earlier today and touched a new all-time high of 22,353.30 intraday after opening on a firmer tone, closing by 355.95 points to close at an all-time high of 22,338.75.

On the back of fresh buying from Chomer today, large-scale buying in small cap, mid cap and other cash stocks fueled the market boom. Today, foreign investors have invested Rs. 129 crores and local bodies Rs. 3814 crores of new levy was undertaken.

Investors' assets (BSE market cap) today rose to Rs. 4.3 lakh crore increased to Rs. 392.25 lakh crore was reached.

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