India’s BSE Sensex Crosses 60,000 Mark With Tech Stocks in Lead

A digital display board is seen on the facade of the Bombay Stock Exchange (BSE) building to celebrate the benchmark of the Sensex index, which climbed above 60,000 points, in Mumbai, India on Sept. 24, 2021. Punit Paranjpe/AFP via Getty Images

Indian shares scaled record highs on Friday (Sept. 24), with the benchmark S&P BSE Sensex topping the 60,000 level for the first time on the back of gains in tech and property stocks.

The blue-chip NSE Nifty 50 index rose 0.47 percent to 17,907.5 by 0354 GMT, and the Sensex was up 0.49 percent at 60,180.62.

Indian shares were on track for their fifth straight weekly gain, which analysts attributed to diminishing fears of a possible third COVID-19 wave due to a quick-moving vaccination campaign.

Tech stocks jumped 1.6 percent, with Infosys Ltd rising more than 2 percent to be the biggest gainer on the Nifty 50 index.