Sensex & Nifty Hit Record Highs: Markets Close Above 25k
By Rediff Money Desk, Mumbai Aug 01, 2024 16:08
Indian stock markets soared for the 5th consecutive day, with Sensex and Nifty closing at record highs. HDFC Bank and Reliance Industries led the gains.
Mumbai, Aug 1 (PTI) Stock markets remained on a record-smashing course for the fifth straight day on Thursday, with Sensex and Nifty settled at record-high levels after buying in index heavyweights HDFC Bank and Reliance Industries.
The 30-share BSE Sensex climbed 126.21 points or 0.15 per cent to settle at a new lifetime high of 81,867.55. In the intra-day session, it soared 388.15 points, or 0.47 per cent, to hit an all-time intra-day high of 82,129.49.
The NSE Nifty rose 59.75 points or 0.24 per cent to settle at an all-time closing high of 25,010.90. Intraday, it scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50 per cent, to 25,078.30.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers.
In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Brent crude -- the global oil benchmark -- rose 0.98 per cent to USD 81.63 per barrel in futures trade.
In Asian markets, Tokyo, Shanghai and Hong Kong closed in the negative territory, while Seoul ended in the green.
The European markets were quoting lower in the mid-session deals on Thursday. The US stocks settled in the green territory in overnight trade on Wednesday.
Foreign institutional investors were net sellers in the capital markets on Wednesday and offloaded shares worth Rs 3,462.36 crore, according to exchange data.
On Wednesday, the 30-share BSE Sensex settled higher by 285.94 points or 0.35 per cent at 81,741.34 -- its all-time closing high -- while NSE Nifty rose 93.85 points or 0.38 per cent to close at an all-time high of 24,951.15.
The 30-share BSE Sensex climbed 126.21 points or 0.15 per cent to settle at a new lifetime high of 81,867.55. In the intra-day session, it soared 388.15 points, or 0.47 per cent, to hit an all-time intra-day high of 82,129.49.
The NSE Nifty rose 59.75 points or 0.24 per cent to settle at an all-time closing high of 25,010.90. Intraday, it scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50 per cent, to 25,078.30.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers.
In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Brent crude -- the global oil benchmark -- rose 0.98 per cent to USD 81.63 per barrel in futures trade.
In Asian markets, Tokyo, Shanghai and Hong Kong closed in the negative territory, while Seoul ended in the green.
The European markets were quoting lower in the mid-session deals on Thursday. The US stocks settled in the green territory in overnight trade on Wednesday.
Foreign institutional investors were net sellers in the capital markets on Wednesday and offloaded shares worth Rs 3,462.36 crore, according to exchange data.
On Wednesday, the 30-share BSE Sensex settled higher by 285.94 points or 0.35 per cent at 81,741.34 -- its all-time closing high -- while NSE Nifty rose 93.85 points or 0.38 per cent to close at an all-time high of 24,951.15.
Source: PTI
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