Sensex, Nifty Hit Record Highs Driven by IT Stocks

Indian shares surged to record highs on July 12, 2024, driven primarily by a strong performance in IT stocks. The Sensex and Nifty indices both hit and ended at fresh record high levels. Indian shares were set to open higher with IT stocks in focus. This marks the sixth consecutive week of gains for Indian shares, with IT stocks playing a significant role in the rally.