Business
Sensex breaches 65,000 mark for first time ever; Nifty also reaches new all-time high level
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Monday marked a historic day for the Indian stock market as benchmark equity indices embarked on an unstoppable rally for the fourth day. The BSE Sensex shattered the much-anticipated 65,000 mark for the very first time. This was propelled by bullish global market trends and an influx of foreign funds.
The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318. The optimistic sentiment was fueled by encouraging indications of easing inflation in the United States.
From the Sensex pack, HDFC, HDFC Bank, Mahindra & Mahindra, UltraTech Cement, Tata Steel, Bajaj Finance, State Bank of India, Reliance Industries, Bajaj Finserv and ICICI Bank were the major gainers.
Power Grid, Maruti, Tech Mahindra, IndusInd Bank, HCL Technologies and Axis Bank were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
The US markets ended significantly higher on Friday.
Global oil benchmark Brent crude dipped 0.01 per cent to $75.41 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 6,397.13 crore on Friday, according to exchange data.
(With inputs from agencies)
The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318. The optimistic sentiment was fueled by encouraging indications of easing inflation in the United States.
From the Sensex pack, HDFC, HDFC Bank, Mahindra & Mahindra, UltraTech Cement, Tata Steel, Bajaj Finance, State Bank of India, Reliance Industries, Bajaj Finserv and ICICI Bank were the major gainers.
Power Grid, Maruti, Tech Mahindra, IndusInd Bank, HCL Technologies and Axis Bank were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
The US markets ended significantly higher on Friday.
Global oil benchmark Brent crude dipped 0.01 per cent to $75.41 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 6,397.13 crore on Friday, according to exchange data.
(With inputs from agencies)
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