Indian stock markets hit new high today, led by gains in financial stocks. The Sensex rose nearly 250 points to a new high of 53,129 while Nifty was firm above 15,900. The Indian rupee weakened to 74.51 against the US dollar. The market breadth also remained strong with BSE midcap and smallcap indices up 0.8% and 0.4% respectively.
Here are 10 things to know about today’s market performance:
Financial stocks led the gains today with Nifty Financial Services and Nifty Bank indices up 1.3% each.
UltraTech Cement, HDFC Bank, Bajaj Finance, Bajaj Finserv and IndusInd Bank are among the top gainers in the Sensex pack today.
Airline stocks jumped after the country’s aviation ministry allowed increasing capacity on domestic flights to 65% from 50% earlier, till July-end.
State-owned Oil & Natural Gas Corporation added 1.2% after an uptick in oil prices as OPEC+…