Sensex, Nifty Soar to New Records; Metals, PSUs Lead Weekly Rally
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CNBC TV18•02-01-2026, 16:08
Sensex, Nifty Soar to New Records; Metals, PSUs Lead Weekly Rally
- •Sensex and Nifty hit fresh all-time highs, with Nifty closing above 26,325 and Sensex at 85,762.
- •Broader markets, including Nifty Bank and Midcap indices, also reached record levels, rising about 1%.
- •PSU stocks, particularly PSU banks and power companies, led the broad-based rally.
- •Metal stocks like NALCO surged as aluminium prices hit $3,000 on LME; Coal India jumped 7%.
- •ITC was the biggest loser, sliding over 12% on excise duty hike concerns.
Why It Matters: Indian markets achieved new record highs, driven by strong performance in metals and PSU sectors.
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