Equity benchmark Sensex jumped over 200 points in early trade on September 27, led by major indices HDFC Bank, ICICI Bank and Reliance Industries amid largely positive global markets.
After touching another high of 60,339.28, the 30-share Sensex edged lower but was still trading 245.62 points or 0.41% higher at 60,294.09. Similarly, Nifty rose 69.90 points or 0.39% to reach 17,923.10.
Maruti was the top gainer in the Sensex pack with HDFC Bank, SBI, Bajaj Auto, M&M, Axis Bank and IndusInd Bank gaining over 2%.
On the other hand, Nestle India, Tech Mahindra, Dr Reddy’s and ITC were among the laggards.
In the previous session, the 30-share index rose 163.11 points or 0.27% to a record high of 60,048.47, and the Nifty rose 30.25 points or 0.17% to end at a record high of 17,853.20.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 442.49 crore on September 24, according to exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the rally that started in April 2020 has taken the Sensex past the 60,000 mark and is now poised to push the Nifty to the 18,000 level.
“The incredible returns of over 130% from March 2020 lows and over 60% in the last 12 months have created phenomenal wealth for all types of investors. After 60,000 for Sensex and 18,000 for Nifty, the market will be out for some time. can be consolidated.” He mentioned.
Elsewhere in Asia, exchanges in Shanghai lost over 1% in mid-session deals, while Tokyo, Seoul and Hong Kong were trading with gains.
Meanwhile, international oil benchmark Brent crude rose 1.18% to $78.14 per barrel.
.