New Delhi: Equity benchmark Sensex jumped over 250 points in early trade to cross the 58,000-level for the first time on Friday, led by a positive trend in global markets and sustained overseas gains in major indices Reliance Industries, Kotak Bank and ICICI Bank. Happened in between fund inflow.
Similarly, the broader NSE Nifty also crossed the 17,300 mark in the opening session.
The 30-share Sensex was trading at its lifetime high of 58,103.29, up 250.75 points or 0.43 per cent in opening deals and the Nifty was trading 67.65 points or 0.39 per cent higher at 17,301.80.
Titan was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Reliance Industries, Kotak Bank, SBI, NTPC and IndusInd Bank.
On the other hand, HCL Tech, HUL, M&M, Tech Mahindra and TCS were among the laggards.
In the previous session, the BSE index gained 514.33 points or 0.90 per cent to end its new all-time high of 57,852.54 and rose 157.90 points or 0.92 per cent to record 17,234.15.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 348.52 crore on Thursday, according to provisional exchange data.
According to Binod Modi Head-Strategy at Reliance Securities, the sharp recovery in the market over the past few days is mainly attributed to a revival in FII inflows following the Fed chairman’s loose remarks at the Jackson Hole symposium last week and continued domestic inflows .
He said, “Key economic indicators with high frequency for August 2021, in the form of GST collection, railway freight, auto sales volume despite semiconductor issues, power consumption, import-export data and fuel volume, remained constant on YoY comparison. indicate economic recovery,” he said.
In Asia, shares in Shanghai and Hong Kong were trading with losses in mid-session deals, while Seoul and Tokyo were positive.
US stocks also closed with gains in the overnight session. Read also: Supertech Twin Tower case: Noida Authority’s planning manager suspended, SIT team formed
Meanwhile, international oil benchmark Brent crude fell 0.03 per cent to $73.01 a barrel. Read also: IRCTC Good News! Indian Railways started monthly pass service for 56 trains
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$('meta[name=description]').attr("content",$(this).children().find('.left-block').attr('data-summary'));
$('meta[name=keywords]').attr("content",$(this).children().find('.left-block').attr('data-keyword'));
$('meta[name=news_keywords]').attr("content",$(this).children().find('.left-block').attr('data-keyword'));
pSUPERFLY.virtualPage(prevLoc,$(this).children().find('.left-block').attr('data-title'));
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//console.log("Keyword: " + $(this).children().find('.left-block').attr('data-keyword'));
//history.pushState('' ,'', prevLoc);
loadshare(prevLoc);
}
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}
});
if(lastHeight + last.height() < $(document).scrollTop() + $(window).height()){
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url = $(next_selector).attr('href');
x=$(next_selector).attr('id');
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//loadDisqus(jQuery(this), disqus_identifier, disqus_url);
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function disqusToggle() {
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$("#disqus_thread1" + id).toggle();
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var prev_content_height = $(content_selector).height();
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