New Delhi: Equity indices hit new highs in the benchmark BSE Sensex on Thursday led by gains in realty, IT and banking stocks amid positive global cues.
After scaling an intra-day high of 54,874, the 30-share BSE index jumped 318 points or 0.58 per cent to end a new record high of 54,844. Whereas, broad NSE Nifty It closed 82 points or 0.5 per cent higher at a new high of 16,364.
Top gainers in the Sensex pack included PowerGrid, Tech Mahindra, HCL Tech, L&T, Titan, NTPC and ICICI Bank, with their shares rising 6.05 per cent.
Whereas, Dr Reddy’s, M&M, IndusInd Bank, Axis Bank and Maruti were the top losers, falling up to 0.77 per cent.
Nifty Media, IT, Realty, PSU Bank sub-index rose up to 2.28 per cent on the NSE platform.
According to experts, a strong overnight close on Wall Street and easing inflation concerns kept domestic markets up, but weak Asian stocks limited gains.
“Global equity markets have positive news from US inflation data for July which has come in at 0.5 per cent month-on-month. This is slightly lower than expected and confirms the Fed thesis,” said VK Vijayakumar, Chief Investor. Inflation is temporary.” Strategist at Geojit Financial Services told news agency PTI.
A positive reaction from the Dow and S&P to inflation data and a fall in the dollar index will give a boost to the bulls.
Investors are also waiting for consumer price inflation data for July, which is due to be released later in the day.
On the global front, Asian stocks dipped as fears about the spread of the delta version of the coronavirus even as US inflation eased fears of a Federal Reserve rate hike.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 238.14 crore on Wednesday, according to provisional exchange data.
(with inputs from agencies)
After scaling an intra-day high of 54,874, the 30-share BSE index jumped 318 points or 0.58 per cent to end a new record high of 54,844. Whereas, broad NSE Nifty It closed 82 points or 0.5 per cent higher at a new high of 16,364.
Top gainers in the Sensex pack included PowerGrid, Tech Mahindra, HCL Tech, L&T, Titan, NTPC and ICICI Bank, with their shares rising 6.05 per cent.
Whereas, Dr Reddy’s, M&M, IndusInd Bank, Axis Bank and Maruti were the top losers, falling up to 0.77 per cent.
Nifty Media, IT, Realty, PSU Bank sub-index rose up to 2.28 per cent on the NSE platform.
According to experts, a strong overnight close on Wall Street and easing inflation concerns kept domestic markets up, but weak Asian stocks limited gains.
“Global equity markets have positive news from US inflation data for July which has come in at 0.5 per cent month-on-month. This is slightly lower than expected and confirms the Fed thesis,” said VK Vijayakumar, Chief Investor. Inflation is temporary.” Strategist at Geojit Financial Services told news agency PTI.
A positive reaction from the Dow and S&P to inflation data and a fall in the dollar index will give a boost to the bulls.
Investors are also waiting for consumer price inflation data for July, which is due to be released later in the day.
On the global front, Asian stocks dipped as fears about the spread of the delta version of the coronavirus even as US inflation eased fears of a Federal Reserve rate hike.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 238.14 crore on Wednesday, according to provisional exchange data.
(with inputs from agencies)
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