Sensex rises 167 points above 58,000, Nifty closes at new lifetime high

HCL Tech was the top gainer in the Sensex pack, followed by Infosys, Reliance Industries, Tech Mahindra, Bajaj Auto and M&M.

Equity benchmark Sensex closed at its new all-time high on September 6, led by gains in major indices Reliance Industries and Infosys amid strong global cues and unhindered foreign capital inflows.

The 30-share index ended 166.96 points or 0.29% higher at 58,296.91. It touched an intra-day record of 58,515.85.

Similarly, the broader NSE Nifty climbed 54.20 points or 0.31% to reach its new closing record of 17,377.80. During the session, it touched an all-time peak of 17,429.55.

HCL Tech was the top gainer in the Sensex pack, rising over 2%, followed by Infosys, Reliance Industries, Tech Mahindra, Bajaj Auto and M&M.

On the other hand, IndusInd Bank, Kotak Bank Bank, Power Grid, Sun Pharma and Asian Paints were among the laggards.

In Asia, Shanghai Seoul, Tokyo and Hong Kong shares ended with significant gains.

Equities in Europe were trading on a positive note in mid-session deals.

“Indian markets opened on a positive note following cues from positive Asian markets, as tighter US Fed fears eased after disappointing jobs data and the Fed chairman announced the launch of the central bank’s massive bond-buying programme. Emphasizing the need for strong jobs data before Narendra Solanki, Head – Equity Research (Fundamentals), Anand Rathi Shares & Stock Brokers said.

“During the afternoon session, markets continued to trade in positive territory as strong global cues and domestic economic activity continued to encourage traders along with regular foreign capital inflows,” he said.

Meanwhile, international oil benchmark Brent crude rose 0.80% to $72.03 a barrel.

Foreign institutional investors were net buyers in the capital markets on Friday as they bought shares worth Rs 768.58 crore, according to exchange data.

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