MUMBAI: Equity benchmark Sensex jumped over 200 points in early trade on Wednesday to set a new record after strong GDP data and heavy foreign fund inflows. Comprehensive NSE Nifty also reached its lifetime high of 17,194.35.
After touching a record high of 57,783.34, the 30-share index was trading 205.86 points or 0.36 per cent higher at 57,758.25. Similarly, the broader NSE Nifty rose 56.55 points or 0.33 per cent to 17,188.75 in the opening session.
Axis Bank was the top gainer in the Sensex pack, rising nearly 4 per cent, followed by Asian Paints, L&T, Bajaj Auto, indusind bank, Nestle India And UltraTech Cement.
On the other end, Tata Steel, HDFC, Maruti and Bajaj Finserv were among the laggards.
In the last session, BSE The index closed at a record high of 57,552.39, up 662.63 points or 1.16 per cent, and the Nifty rose 201.15 points or 1.19 per cent to hit an all-time closing peak of 17,132.20.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 3,881.16 crore on Tuesday, according to provisional exchange data.
According to experts, the market sentiment got a boost after a record growth in the Gross Domestic Product (GDP) during the first quarter of the fiscal, with India on track to achieve the world’s fastest growth this year.
The Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a sharp rebound in manufacturing and services sectors despite a very weak base from last year and a disastrous second wave of Covid-19.
In Asia, shares in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.
US stocks closed with minor losses in the overnight session.
Meanwhile, international oil benchmark Brent crude rose 0.63 per cent to $72.08 per barrel.
After touching a record high of 57,783.34, the 30-share index was trading 205.86 points or 0.36 per cent higher at 57,758.25. Similarly, the broader NSE Nifty rose 56.55 points or 0.33 per cent to 17,188.75 in the opening session.
Axis Bank was the top gainer in the Sensex pack, rising nearly 4 per cent, followed by Asian Paints, L&T, Bajaj Auto, indusind bank, Nestle India And UltraTech Cement.
On the other end, Tata Steel, HDFC, Maruti and Bajaj Finserv were among the laggards.
In the last session, BSE The index closed at a record high of 57,552.39, up 662.63 points or 1.16 per cent, and the Nifty rose 201.15 points or 1.19 per cent to hit an all-time closing peak of 17,132.20.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 3,881.16 crore on Tuesday, according to provisional exchange data.
According to experts, the market sentiment got a boost after a record growth in the Gross Domestic Product (GDP) during the first quarter of the fiscal, with India on track to achieve the world’s fastest growth this year.
The Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a sharp rebound in manufacturing and services sectors despite a very weak base from last year and a disastrous second wave of Covid-19.
In Asia, shares in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.
US stocks closed with minor losses in the overnight session.
Meanwhile, international oil benchmark Brent crude rose 0.63 per cent to $72.08 per barrel.
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