As a result of a rally in US markets and fresh foreign fund inflows, Mumbai’s benchmark equity index Sensex and Nifty hit record highs in early trade. Additionally, strong market performers like Reliance Industries and HDFC Bank were purchased.
In early trade, the 30-share BSE Sensex rose 299.97 points to its all-time high of 63,716. The NSE Nifty advanced 90.75 points to reach 18,908.15.
Sensex gainers included Titan, Bajaj Finance, State Bank of India, ITC, Larsen & Toubro, IndusInd Bank, HDFC Bank, Reliance Industries, Tata Motors, Mahindra & Mahindra, Tata Steel, and Infosys.
The laggards were Tech Mahindra, Axis Bank, Kotak Mahindra Bank, HCL Technologies, Power Grid, and NTPC.
The Sensex and Nifty Performed all time high.
Tokyo quoted in the green, while Seoul, Shanghai, and Hong Kong were trading lower.
Tuesday’s US markets ended significantly higher.
Crude oil benchmark Brent rose 0.61 percent to USD 72.70 a barrel.
FIIs bought equities worth Rs 2,024.05 crore on Tuesday, according to exchange data.
As a result, the BSE benchmark rose 446.03 points or 0.71 per cent to close at 63,416.03. The Nifty rose 126.20 points or 0.68 per cent to finish at 18,817.40 on Tuesday.
Also Read:
- Shares of LIC’S Shares surged over 3% after it posted a five-fold increase in Q4 profits
- Aditya Birla Fashion and TCNS Clothing Shares Tank After the Merger News?
- Despite Saudi Sale Rumors, WWE shares are up 23% since Vince McMahon’s return
- Adani Shares: Why To Invest Now? Here’s Everything Investors Need To Know