Sensex climbs over 350 points to 60,000 level; Nifty 17,900. Above this
Equity benchmark Sensex surged over 350 points to 60,000 points in early trade on Friday led by strong gains in index majors Infosys, HDFC Bank and TCS.
The 30-share Sensex was trading at its lifetime high of 60,244.65, up 359.29 points or 0.60 per cent. Similarly, Nifty rose 100.40 points or 0.56 per cent to an intra-day record of 17,923.35 in opening deals.
It took a little over 31 years for the Sensex to reach the historic 60,000 level from the 1,000 mark. The benchmark index was at 1,000 mark on July 25, 1990 and took almost 25 years to touch the level of 30,000 on March 4, 2015. The Sensex climbed from the 30,000 level to 60,000 in six years, indicating an overall bullish trend. in the market.
L&T, HCL Tech, Asian Paints, TCS, Tech Mahindra and HDFC Bank were the top gainers in the Sensex pack, rising over 2 per cent. On the other hand, NTPC, HUL, Bajaj Finance and Bajaj Finserv were among the laggards.
In the previous session, the 30-share index ended 958.03 points or 1.63 per cent higher at an all-time high of 59,885.36, and the Nifty rose 276.30 points or 1.57 per cent to its new high of 17,822.95.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 357.93 crore on Thursday, as per provisional exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “Sensex has touched 60,000 mark today. Reaching this milestone is quite an achievement in these COVID times and a shot for bulls in total control of this market. ” .
India’s performance during September so far is astonishing, with the MSCI World Index up 2.13 per cent and the Nifty up 4.03 per cent, he said. Made India an attractive investment destination for FIIs. Elsewhere in Asia, shares in Shanghai, Seoul and Hong Kong were trading with losses in mid-session deals, while Tokyo was positive.
US stocks closed higher in the overnight session. Meanwhile, international oil benchmark Brent crude rose 0.09 per cent to $77.32 per barrel.
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