Sensex and Nifty eeach new record highs in early trade
The 30-share BSE Sensex rose 280.32 points to a new lifetime high of 77,581.46 in early trade, rallying for the sixth session in a row.
Mumbai: On Wednesday morning, buying in bank stocks and foreign capital inflows caused the benchmark equity indices, Sensex and Nifty, to reach new all-time highs.
The 30-share BSE Sensex rallied for the fifth session in a row, rising 280.32 points to reach a new lifetime high of 77,581.46 in early trading. The NSE Nifty increased by 72.95 points, reaching 23,630.85, a new all-time high.
The top gainers among the 30 Sensex businesses were Infosys, HDFC Bank, JSW Steel, Axis Bank, ICICI Bank, IndusInd Bank, and Kotak Mahindra Bank.
Among the laggards were Titan, NTPC, Power Grid, and Bajaj Finance.
Shanghai quoted lower while Seoul, Tokyo, and Hong Kong saw higher trade in Asian markets.
On Tuesday, US markets concluded in positive territory.
According to exchange data, foreign institutional investors (FIIs) purchased stocks on Tuesday worth Rs 2,569.40 crore.
The benchmark for world oil, Brent crude, increased by 0.01 percent to USD 85.34 a barrel.
Citing a rebound in consumer spending and more investment, Fitch Ratings upped India's GDP prediction for the current fiscal year on Tuesday from 7% to 7.2%.
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