Mumbai: Sensex and Nifty Reach Record Highs Amid Global Market Optimism
The benchmark equity indices, Sensex and Nifty, achieved new all-time highs in early trading on Tuesday, driven by positive trends in global markets, strong buying in IT stocks, and fresh inflows from foreign funds.
Continuing its upward trajectory for the fourth consecutive session, the 30-share BSE Sensex rose by 334.03 points, reaching a new lifetime peak of 77,326.80. Concurrently, the NSE Nifty advanced by 108.25 points, setting a new record high of 23,573.85.
Among the 30 Sensex companies, Wipro, Titan, Mahindra & Mahindra, Tech Mahindra, Infosys, Bharti Airtel, and Hindustan Unilever emerged as the top gainers. In contrast, Maruti, Kotak Mahindra Bank, HDFC Bank, and ICICI Bank were among the laggards.
Asian markets showed mixed trends, with Seoul, Tokyo, and Shanghai trading positively, while Hong Kong traded lower. US markets closed higher on Monday.
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,175.86 crore on Friday. Meanwhile, the global oil benchmark Brent crude saw a slight decline of 0.15%, trading at USD 84.12 per barrel.
Equity markets were closed on Monday in observance of Eid-ul-Adha. On Friday, the BSE benchmark rose by 181.87 points or 0.24% to a new closing peak of 76,992.77, while the Nifty rallied by 66.70 points or 0.29% to a record closing high of 23,465.60.
