Sensex crosses 59 thousand for the first time; Nifty reaches new high

IndusInd Bank was the top gainer in the Sensex pack.

The BSE Sensex jumped 59,000 points for the first time on Thursday amid unabated foreign fund inflows into Reliance Industries, ITC and ICICI Bank and positive cues from European markets.

The 30-share index climbed 417.96 points, or 0.71%, to end at 59,141.16. It touched an intra-day record of 59,204.29.

Similarly, the broader NSE Nifty rose 110.05 points or 0.63% to its new closing level of 17,629.50. During the session, it reached an all-time peak of 17,644.60.

IndusInd Bank was the top gainer in the Sensex pack, rising over 7%, followed by ITC, SBI, Reliance Industries, Kotak Bank, ICICI Bank and Axis Bank.

On the other hand, TCS, Tech Mahindra, Tata Steel, Bharti Airtel, HCL Tech and Dr Reddy’s were among the laggards.

Elsewhere in Asia, shares ended with significant losses in Shanghai, Seoul, Tokyo and Hong Kong.

However, stocks in Europe were trading with strong gains in mid-session deals.

Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 232.84 crore on Wednesday, according to provisional exchange data.

Meanwhile, international oil benchmark Brent crude rose 0.16% to $75.58 a barrel.

.

Leave a Reply