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NEW DELHI: India’s benchmark stock indexes, the Sensex and Nifty 50, up by approximately 1% each, reached new record highs on Wednesday amid a rally in the US and European markets and fresh foreign fund inflows
At 1:55 pm, the Nifty index witnessed a substantial 1.03% rise, reaching a record high of 19,011.25. Simultaneously, the BSE Sensex climbed by 0.98% to hit a fresh all-time high of 64,037.10. The Sensex had already hit a record high last week, while the midcap index and smallcap index hovered around fresh record and 52-week highs, respectively.
Extending its previous day’s rally, the 30-share BSE Sensex jumped 621.07 points to hit its all-time high of 64,037.10 during afternoon trade. The NSE Nifty climbed 193.85 points to reach its lifetime peak of 19,011.25.
From the Sensex pack, NTPC, Tata Motors, Titan, Larsen & Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers. Wipro and Tech Mahindra were the laggards.
“Nifty made a new all-time high on June 28, triggered by buying from institutions and retail/HNI segments. Improving US economic data and hints from China about fresh stimulus measures have helped improve sentiments,” said Dhiraj Relli, MD & CEO, HDFC Securities Ltd.
At 1:55 pm, the Nifty index witnessed a substantial 1.03% rise, reaching a record high of 19,011.25. Simultaneously, the BSE Sensex climbed by 0.98% to hit a fresh all-time high of 64,037.10. The Sensex had already hit a record high last week, while the midcap index and smallcap index hovered around fresh record and 52-week highs, respectively.
Extending its previous day’s rally, the 30-share BSE Sensex jumped 621.07 points to hit its all-time high of 64,037.10 during afternoon trade. The NSE Nifty climbed 193.85 points to reach its lifetime peak of 19,011.25.
From the Sensex pack, NTPC, Tata Motors, Titan, Larsen & Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers. Wipro and Tech Mahindra were the laggards.
“Nifty made a new all-time high on June 28, triggered by buying from institutions and retail/HNI segments. Improving US economic data and hints from China about fresh stimulus measures have helped improve sentiments,” said Dhiraj Relli, MD & CEO, HDFC Securities Ltd.
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