Zomato Shares Surge to Record High, Driving Market Upswing

Shares of online food delivery platform Zomato Ltd surged over 4% to reach record high levels on major stock exchanges. The company's market valuation increased by Rs 10,978.72 crore. The broader equity market also flourished, with the BSE Sensex crossing the 83,000 mark for the first time.

In a remarkable performance, shares of online food delivery platform Zomato Ltd surged over 4% on Thursday, hitting record high levels on major stock exchanges.

The stock settled at Rs 283.90 on the BSE, soaring to an intra-day peak of Rs 285.95. Similarly, at the NSE, it surged 4.25% to close at Rs 283.30.

The impressive rally elevated the company's market valuation by Rs 10,978.72 crore to a total of Rs 2,50,807.91 crore. In the broader equity market, the BSE Sensex and NSE Nifty also recorded significant gains, closing at their highest levels ever.

(With inputs from agencies.)