Equity benchmark indices Sensex and Nifty hit new all-time high levels in early trade on December 28.
| Photo Credit: The Hindu
Equity benchmark indices Sensex and Nifty hit new all-time high levels in early trade on December 28 amid optimism over the nation’s macroeconomic fundamentals, agency international market developments, and fresh international fund inflows.
Rallying for the fifth day working, the 30-share BSE Sensex jumped 322.08 factors to succeed in its new lifetime peak of 72,360.51 in early trade. The Nifty climbed 90.85 factors to succeed in its all-time high of 21,745.60.
Among the Sensex companies, JSW Steel, NTPC, Power Grid, Bajaj Finserv, HDFC Bank, ITC, Nestle and Tata Steel have been the main gainers.
UltraTech Cement, IndusInd Bank, Asian Paints, and Axis Bank have been among the many laggards.
In Asian markets, Seoul, Shanghai, and Hong Kong quoted with good points whereas Tokyo traded decrease.
The U.S. markets ended in the inexperienced on December 27.
Global oil benchmark Brent crude climbed 0.13% to $79.75 a barrel.
Foreign Institutional Investors (FIIs) turned patrons on December 27 after steady offloading and acquired equities value ₹2,926.05 crore, in keeping with trade knowledge.
“Strong cues from the mother market U.S., steadily declining U.S. bond yields and the dollar index below 101 augurs well for the continuation of the rally,” stated V.Ok. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Rising for the fourth straight session, the BSE benchmark jumped 701.63 factors, or 0.98%, to settle at its all-time closing high of 72,038.43 on December 27.
The Nifty climbed 213.40 factors, or 1%, to settle at a report high of 21,654.75.
