TCS was the top gainer in the Sensex pack, followed by HUL, UltraTech Cement, Nestle India, Kotak Bank, Dr Reddy’s and Titan.
Equity benchmark Sensex closed at a new all-time high with gains of 514 points on Thursday, tracking gains in index majors TCS, Reliance Industries and HUL amid a positive trend in global markets.
Similarly, the broader NSE Nifty ended above 17,200 on its new closing record.
The 30-share Sensex ended up 514.33 points or 0.90% at 57,852.54 and the Nifty rose 157.90 points or 0.92% at 17,234.15.
HUL, UltraTech Cement, Nestle India, Kotak Bank, Dr Reddy’s and Titan were among the top gainers in the Sensex pack, with TCS rising over 3%.
On the other hand, Mahindra & Mahindra, Bajaj Auto, Bajaj Finserv and Asian Paints were among the laggards.
Binod Modi, Head (Strategy) Reliance Securities said, “Domestic stocks have recovered sharply and the benchmark Nifty has recorded all-time highs, mainly driven by sharp recovery in IT, pharma and consumer sectors. Help has come.”
“Heavyweight financials have also extended gains and supported the rally. Barring PSU Banks and Automobiles, most major sectoral indices are trading in the green. There was strong buying momentum in midcap and smallcap stocks.
He said that high-frequency economic indicators for August in the form of GST collection, railway freight, auto sales volume and fuel volume despite semiconductor issues indicate continued economic recovery.
In Asia, shares in Shanghai, Hong Kong and Tokyo ended on a positive note, while Seoul was in the red.
Equities in Europe were trading largely with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.43% to $71.90 a barrel.
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