India's benchmark stock index, the Nifty 50, has scaled a new record high of 22,150.8. This is higher than the previous peak that the stock index hit on February 2, a day after the Union Budget 2024.
At close, Nifty gained 82 points to settled at 22,122. The Nifty 50 index also closed above 22,100 for the first time.
India's blue-chips are among Asia's best performing lot. The Nikkei is up over 8% in dollar terms compared to the 2.1% rally in the Nifty 50 since the end of December 2023.
| Index (Country) | Gains in 2024 (in $) |
| Nikkei (Japan) | 8.09% |
| PSEi (Philippine) | 4.2% |
| Nifty 50 | 2.1% |
| FTSE Malay KLCI (Malaysia) | 1.3% |
| Taiex (Taiwan) | 1.2% |
These are the top five highlights in the current stock market rally in the last eleven trading sessions since the last record.
The current stocks rally in India amounts to 4.2% since the closing on January 23, which was the lowest for the index in 2024 so far.
First Published: Feb 19, 2024 11:42 AM IST
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