Markets

Benchmark Sensex hit the historic 83,000 level for the first time on Thursday and the Nifty settled at a lifetime high after a rally in blue-chip shares, surge in global markets and foreign fund inflows.

A sharp fag-end rally drove the 30-share BSE Sensex to the 83,000 level for the first time. 

The barometer surged 1,593.03 points or 1.95% to hit its lifetime intra-day peak of 83,116.19 in the last hour of trade. The index closed at a record high of 82,962.71, up by 1,439.55 points or 1.77%. The NSE Nifty surged 470.45 points or 1.89% to settle at a record closing high of 25,388.90. 

The benchmark hit its fresh all-time intra-day high of 25,433.35, a jump of 514.9 points or 2%. 

Nifty and Sensex opened higher and traded in a range till late afternoon trade. Among the 30 Sensex firms, Bharti Airtel, NTPC, JSW Steel, Mahindra & Mahindra, Adani Ports, Tech Mahindra, Larsen & Toubro, Tata Steel, State Bank of India and Kotak Mahindra Bank were the biggest gainers.

Nestle emerged as the only laggard from the blue-chip pack.

While the session remained subdued for the most part, strong buying in heavyweight stocks across sectors propelled the indices sharply upward in the final hours, Ajit Mishra – SVP, Research, Religare Broking Ltd.

Equity benchmark indices rebounded in early trade today tracking a rally in global markets and foreign fund inflows.

The 30-share BSE Sensex jumped 428.83 points to 81,951.99 in early trade. The NSE Nifty climbed 154.1 points to 25,072.55. Among the 30 Sensex firms, Tata Steel, Adani Ports, Bharti Airtel, Tech Mahindra, Kotak Mahindra Bank and State Bank of India were the biggest gainers. Tata Motors, Asian Paints, Nestle and Bajaj Finserv were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were trading with significant gains while Shanghai quoted lower while the US markets ended with sharp gains on Wednesday. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,755 crore on Wednesday, according to exchange data.

Global oil benchmark Brent crude climbed 0.55% to $71 a barrel.

Benchmark Sensex reversed its early gains to close lower by 398 points while broader Nifty slipped below the 25,000 mark due to selling in Tata Motors, Reliance Industries and L&T amid weak global trends.

In a volatile trade, the 30-share BSE Sensex dropped 398.13 points or 0.49% to settle at 81,523.16. The index opened higher and touched the day's high of 82,134.95 points in the mid-session. However, selling pressure emerged in the pre-close session and the index tanked 498.15 points or 0.60% to hit a low of 81,423.14.

The NSE Nifty declined 122.65 points or 0.49% to 24,918.45. Among the 30 Sensex firms, Tata Motors was the biggest loser, tumbling nearly 6%, followed by NTPC, Adani Ports, Larsen & Toubro, State Bank of India, JSW Steel, Mahindra & Mahindra, IndusInd Bank and Titan.

In contrast, Asian Paints, Bajaj Finance, Hindustan Unilever and Bajaj Finserv were among the gainers.

In the broader market, the BSE smallcap gauge declined 0.57% and midcap index went lower by 0.52%.

Equity benchmark indices declined in early trade today after two days of gains amid selling in Tata Motors and weak trends in Asian markets.

The 30-share BSE Sensex fell 111.85 points to 81,809.44. The NSE Nifty dipped 39.2 points to 25,001.90. Among the 30 Sensex firms, Tata Motors, ICICI Bank, Titan, HDFC Bank, JSW Steel, Tech Mahindra, UltraTech Cement and Axis Bank were the major laggards. Asian Paints, Bharti Airtel, ITC and Hindustan Unilever were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower, while the US markets ended mostly with gains on Tuesday. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,208.23 crore on Tuesday, according to exchange data.

Global oil benchmark Brent crude climbed 0.59% to USD 69.60 a barrel.