Indian Equity Benchmarks Reach New Record Highs
Mumbai: Indian equity benchmarks opened at new record highs on Thursday, spurred by positive cues from global markets. In the early trading hours, the Sensex and Nifty reached new all-time highs of 80,374 and 24,400, respectively.
As of 9:50 a.m., the Sensex was up 370 points, or 0.46 percent, at 80,361, while the Nifty had gained 101 points, or 0.42 percent, to stand at 24,392.
Among the sectoral indices, Auto, IT, Metal, Realty, Energy, and Infra were the major gainers, whereas Pharma and Healthcare lagged.
Top gainers included Tata Motors, ICICI Bank, M&M, Infosys, HCL Tech, and TCS. Conversely, HDFC Bank, IndusInd Bank, Bharti Airtel, ITC, and Power Grid were the top losers.
Internationally, markets in Seoul, Tokyo, Jakarta, and Bangkok showed positive trends, while Shanghai and Hong Kong were in the red. US markets closed with mixed results on Wednesday.
Sameet Chavan, Head of Research, Technical and Derivative at Angel One, commented, “The Indian equity market had a positive start, driven by robust global sentiment and a favorable undertone. The benchmark indices opened at record highs but faced some corrections due to a lack of sustained buying.”
“Despite this, the bulls managed a modest recovery, leading to a volatile session. Ultimately, the Nifty50 index concluded the day on a subdued note above the 24,100 zone,” he added.
