MUMBAI: Extending its winning streak for the sixth consecutive session, equity benchmarks Sensex Driven by gains in index majors HDFC twins, Thursday closed at a new high by 569 points, ICICI Bank And ITC Amid positive macro cues and upbeat global markets.
The 30-share Sensex closed above 61,000 points for the first time, up 568.90 points, or 0.94 per cent, at 61,305.95. Similarly, nifty It rose 176.80 points, or 0.97 percent, to a new lifetime high of 18,338.55.
ITC was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by HDFC Bank, power grid, ICICI Bank, indusind bank and NTPC.
On the other hand, TCS, HCL Tech, Bajaj Finance and Asian Paints were among the laggards.
“Indian market maintained its upbeat mood supported by gains in IT stocks after positive global market, favorable inflation data and strong earnings scorecard by sector majors,” Vinod NairHead of Research, Geojit Financial Services said.
Wholesale price-based inflation eased to 10.66 per cent in September, helped by moderation in food prices, while crude petroleum saw a spike.
Retail inflation in September also eased to a five-month low of 4.4 per cent on softening food prices.
“Banking stocks also contributed to the rally and remained in focus as the sector prepares to kickstart its earnings season,” Nair said.
Elsewhere in Asia, shares ended with strong gains in Seoul and Tokyo, while Shanghai was in the red.
Stock exchanges in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 1.02 per cent to $84.03 a barrel.
The 30-share Sensex closed above 61,000 points for the first time, up 568.90 points, or 0.94 per cent, at 61,305.95. Similarly, nifty It rose 176.80 points, or 0.97 percent, to a new lifetime high of 18,338.55.
ITC was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by HDFC Bank, power grid, ICICI Bank, indusind bank and NTPC.
On the other hand, TCS, HCL Tech, Bajaj Finance and Asian Paints were among the laggards.
“Indian market maintained its upbeat mood supported by gains in IT stocks after positive global market, favorable inflation data and strong earnings scorecard by sector majors,” Vinod NairHead of Research, Geojit Financial Services said.
Wholesale price-based inflation eased to 10.66 per cent in September, helped by moderation in food prices, while crude petroleum saw a spike.
Retail inflation in September also eased to a five-month low of 4.4 per cent on softening food prices.
“Banking stocks also contributed to the rally and remained in focus as the sector prepares to kickstart its earnings season,” Nair said.
Elsewhere in Asia, shares ended with strong gains in Seoul and Tokyo, while Shanghai was in the red.
Stock exchanges in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 1.02 per cent to $84.03 a barrel.
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