Sensex, Nifty jumped to lifetime highs
MUMBAI: The benchmark equity index sensex rose 174 points to close at an all-time high on Friday, following gains in index heavyweights Reliance Industries, Infosys and TCS amid a largely positive trend in equities. global.
After hitting an intraday record of 52,641.53, the 30-share BSE index closed 174.29 points or 0.33 percent higher at 52,474.76.
Similarly, the broader NSE Nifty advanced 61.60 points or 0.39 percent to its peak useful life of 15,799.35.
Dr Reddy’s was the top winner in the Sensex package, with an increase of more than 3 percent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries.
On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
“Domestic stocks extended their gains with key benchmarks Nifty and Sensex hitting new all-time highs,” said Binod Modi, chief strategy officer at Reliance Securities.
A strong rally in IT, metals and RIL supported the benchmark indices. Expectations of a strong recovery in economic activities and government indications to implement a capital spending program for fiscal year 22 raised sentiments more quickly, he added.
In the rest of Asia, the Shanghai and Tokyo stock markets were in the red, while Hong Kong and Seoul finished on a positive note.
Stocks in Europe traded largely at a profit in the mid-session deals.
Brent crude oil’s international benchmark was trading 0.22% higher at $ 72.68 a barrel.