Bank Nifty opened in green territory with an increase of 704 points or 1.35 per cent at 52 872.30 whereas the Nifty Midcap opened at 56149.90, an up of 295.20 or 0.53 per cent increase.
The Indian stock market opened at a record high with Sensex opening at 79,840.40, above 364 points or 0.46 per cent, and Nifty at 24,228.75, up 86 points or .36 per cent high.
The Nifty 50 index maintained above 24,000 levels and traded at 24,022 after a marginal gain of 14 points at the time of this report. Similarly, the BSE Sensex sustained above 79,000 and opened flat with a gain of 40 points, reaching 79,086 points.
Among the sectoral indices, Nifty Bank deteriorated and remained in red while other sectors that remained in red territary were Financial Services, Media and Private stocks were seen trading in red.
Among the sectoral indices on NSE, Nifty Bank, Financial services, FMCG, IT, Media, Metal, Pharma, Realty, Healthcare, Oil and gas, and consumer durables started in the green territory.
Adding its long-term projections, the ICICI arm said in its June report that the Nifty index is on track to reach our long-term goal of 50,000 by the year 2030.
Among the sectoral indices at the National Stock Exchange, Financial Services, IT, Media, and Private Banks opened in green while sectors such as Auto, FMCG, Metal, Pharma and PSU Banks opened in the red.
Indian markets experienced high volatility after investors booked profits on the last trading session of the week. Both Nifty and Sensex closed with marginal declines, though the Nifty 50 index touched a new high during the opening session.