Sensex rose 150 points in early trade, Nifty reached the latest record at 17,560. Above this
Equity benchmark Sensex jumped over 150 points to a new high of 58,875.78 in early trade on Thursday, led by gains in index majors Bharti Airtel, Tata Steel and HCL Tech. The broader NSE Nifty also rose over 50 points to hit its new peak in the opening session.
The 30-share Sensex was trading 152.58 points or 0.26 per cent higher at 58,875.78. Similarly, the Nifty rose 50.30 points or 0.29 per cent to reach 17,569.75 in early deals.
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by Tata Steel, ITC, HCL Tech, SBI, Bajaj Finserv, Kotak Bank and Bharti Airtel. On the other hand, HUL, Titan, Asian Paints, HDFC were trailing.
In the previous session, the 30-share index had closed 476.11 points or 0.82 per cent higher at 58,723.20. The broader NSE Nifty climbed 139.45 points or 0.80 per cent to reach its new closing level of 17,519.45.
Elsewhere in Asia, Tokyo, Shanghai, Seoul and Hong Kong were trading with losses in mid-session deals. US stocks closed higher in the overnight session.
The Union Cabinet on Wednesday approved a big bang relief package for the stressed telecom sector, including a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue, The levy is paid and includes 100. Percentage of foreign investment through automatic route.
The Cabinet also approved a Rs 25,938 crore Production-Linked Incentive (PLI) scheme for auto and auto-component industries to augment domestic manufacturing capabilities.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 232.84 crore on Wednesday, according to provisional exchange data. Meanwhile, international oil benchmark Brent crude rose 0.48 per cent to $75.82 a barrel.
.