Mumbai: Equity Benchmarks Open Strong with Sensex Surpassing 80,000 for the First Time
Equity benchmark indices commenced trading on a positive note on Wednesday, with the Sensex surpassing the historic 80,000 mark for the first time and the Nifty reaching a new lifetime high, driven by robust buying in banking stocks and favorable global market trends.
The 30-share BSE Sensex surged by 597.77 points, achieving a new lifetime high of 80,039.22. Similarly, the Nifty rose by 168.3 points, setting a fresh record peak at 24,292.15.
Prominent gainers within the Sensex pack included HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel, and Nestle. Conversely, Tata Consultancy Services, Sun Pharma, Infosys, and Tata Motors were among the notable laggards.
In Asian markets, Seoul, Tokyo, and Hong Kong traded positively, whereas Shanghai experienced a decline. US markets closed higher on Tuesday.
On the previous day, the BSE benchmark had decreased by 34.74 points or 0.04% to settle at 79,441.45 after a volatile trading session. Throughout the day, it had risen by 379.68 points or 0.47% to reach a record peak of 79,855.87. Similarly, the Nifty had declined by 18.10 points or 0.07% to 24,123.85, having climbed 94.4 points or 0.39% intra-day to hit a lifetime high of 24,236.35.
The global oil benchmark Brent crude increased by 0.56%, reaching USD 86.72 per barrel. Additionally, Foreign Institutional Investors (FIIs) sold equities worth Rs 2,000.12 crore on Tuesday, according to exchange data.
