Stock markets soar to new highs: Sensex hits 72,720, Nifty at record 21,928

In a remarkable surge, the Bombay Stock Exchange's equity benchmark Sensex achieved a fresh lifetime high, reaching an impressive 72,720.96. Simultaneously, the Nifty also marked a historic high, hitting a record level of 21,928.25, signaling optimism and positive momentum in the Indian stock market.

Earlier in the day, the 30-share BSE Sensex witnessed a substantial rise, surging by 492 points to 72,213.89 in early trade, further reinforcing the bullish trend. The market exhibited resilience despite fluctuations, with key companies contributing to the upward trajectory.

Infosys, despite reporting a lower-than-expected 7.3% fall in net profit for the December quarter, experienced a remarkable surge of more than 6% in early trade. On the other hand, Tata Consultancy Services recorded a nearly 4% climb, following an 8.2% growth in net income for the same quarter. This growth was primarily driven by a substantial expansion in the home market, offsetting the impact of a 3% de-growth in the US market.

In the international arena, market shares presented a mixed scenario on Friday. Tokyo's benchmark continued its New Year rally, trading above 35,000, while US futures showed a slight upward trend. Meanwhile, oil prices surged more than $1 a barrel, indicating positive sentiments in the global market.