Mumbai: Extending its winning streak for the fourth straight session, equity benchmark Sensex closed 123.07 points higher on Thursday amid gains in index major Reliance Industries, HDFC Bank and ITC.
After crossing its lifetime peak of 54,717.24 during the day, the 30-share index settled 123.07 points or 0.23 per cent higher at a record high of 54,492.84.
In a similar movement, broad NSE Nifty It rose 35.80 points, or 0.22 per cent, to an all-time peak of 16,294.60. It touched an intra-day record of 16,349.45.
Bharti Airtel was the top gainer in the Sensex pack, rising nearly 4 per cent, followed by ITC, Tech Mahindra, Tata Steel and HCL Tech.
On the other hand, SBI, IndusInd Bank, Bajaj Finance and ICICI Bank were the laggards.
Binod Modi, Head (Strategy) Reliance Securities said, “Domestic benchmark indices extended gains in the form of rebound in IT and metals. Besides, recovery in FMCG stocks and RIL-backed market supported them to reach new highs.”
However, it was again not a broad-based rally as profit booking in midcap and smallcap stocks was reflected in Nifty Midcap and Smallcap indices falling for the third day in a row, he said.
Elsewhere in Asia, shares in Shanghai, Hong Kong and Seoul ended in the red, while Tokyo closed with gains.
Equities in Europe were trading largely on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.72 per cent to $70.89 per barrel.
After crossing its lifetime peak of 54,717.24 during the day, the 30-share index settled 123.07 points or 0.23 per cent higher at a record high of 54,492.84.
In a similar movement, broad NSE Nifty It rose 35.80 points, or 0.22 per cent, to an all-time peak of 16,294.60. It touched an intra-day record of 16,349.45.
Bharti Airtel was the top gainer in the Sensex pack, rising nearly 4 per cent, followed by ITC, Tech Mahindra, Tata Steel and HCL Tech.
On the other hand, SBI, IndusInd Bank, Bajaj Finance and ICICI Bank were the laggards.
Binod Modi, Head (Strategy) Reliance Securities said, “Domestic benchmark indices extended gains in the form of rebound in IT and metals. Besides, recovery in FMCG stocks and RIL-backed market supported them to reach new highs.”
However, it was again not a broad-based rally as profit booking in midcap and smallcap stocks was reflected in Nifty Midcap and Smallcap indices falling for the third day in a row, he said.
Elsewhere in Asia, shares in Shanghai, Hong Kong and Seoul ended in the red, while Tokyo closed with gains.
Equities in Europe were trading largely on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.72 per cent to $70.89 per barrel.
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