Stock market today: Sensex crosses 57,000 for first time, Nifty tops 17,000

The Indian stock market scaled new highs on Tuesday with the BSE Sensex hitting the 57,000 mark for the first time in its history while Nifty50 also touched the 17,000 mark for the first time ever on Tuesday.

The Sensex has hit an all-time high of 57,280.44 points while the broader Nifty50 touched a new record high of 17,048.80 points. The indices have, however, trimmed their initial gains.

Heavy buying was witnessed in telecom stocks, while auto and banking stocks were under selling pressure.

Sensex was trading at 57,244.00, higher by 354.24 points or 0.62 per cent from its previous close of 56,889.76. It opened at 56,995.15 and has touched an intra-day low of 56,859.10 points. Around 1.10 p.m., the Nifty50 on the National Stock Exchange was trading at 17,040.05, higher by 109.00 points or 0.64 per cent from its previous close of 16,931.05 points.

The top gainers on the Sensex were Bajaj Finserv, Bharti Airtel and Bajaj Finance, while the major losers were Nestle India, IndusInd Bank and Mahindra & Mahindra.

Key macroeconomic data including the GDP growth rate for Q1 FY22 scheduled to be released later in the day would be the key factors for the domestic market going ahead, analysts said.