Mumbai: Equity Benchmark Sensex Tracking gains in major indices Reliance Industries, HDFC Twins and ICICI Bank, ended on Thursday a new all-time high of 958 points amid a positive trend in global markets. Similarly, broad NSE Nifty It rose 276.30 points, or 1.57 per cent, to its new closing peak of 17,822.95. It touched an intra-day record of 17,843.90.
After touching a new high of 59,957.25 during the day, the 30-share Sensex closed at an all-time high of 59,885.36, up 958.03 points or 1.63 per cent. L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank were the top laggards in Bajaj Finserv, rising over 4 per cent in the Sensex pack.
On the other hand, Dr Reddy’s, ITC, Nestle and HUL were trailing. Reliance Securities Head-Strategy Binod Modi said domestic equities saw a sharp recovery, with both Nifty and Sensex hitting new record highs.
Favorable FOMC meeting results and an easing of concerns from a potential default of Evergrande aided market rally. He said financials and Reliance Industries dominated the market, followed by metals, IT and auto. US Federal Reserve Chairman Jerome Powell said the Fed plans to announce in early November that it will begin reducing its monthly bond purchases if the job market continues to improve.
Elsewhere in Asia, shares in Shanghai and Hong Kong ended higher, while Seoul was in the red. The Japanese market was closed for the holidays. Stock exchanges in Europe were also trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude slipped 0.12 per cent to $76.10 a barrel.
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