Sensex, Nifty touch fresh record high levels in early trade

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Sensex, Nifty touch fresh record high levels in early trade


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| Photo Credit: Arunangsu Roy Chowdhury

Sensex and Nifty continued their record-breaking rally on July 18, reaching new all-time high levels in early trade, amid fresh overseas fund inflows and shopping for in banking counters.

A optimistic pattern in the U.S. markets on Monday additionally contributed to the home benchmark indices optimism.

The 30-share BSE Sensex jumped 395.57 factors to achieve its record intra-day peak of 66,985.50. The NSE Nifty climbed 99.8 factors to hit its all-time high of 19,811.25.

From the Sensex pack, IndusInd Bank, Axis Bank, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Maruti, and Asian Paints have been among the many greatest gainers.

Bharti Airtel, Tech Mahindra, Titan, ExtremelyTech Cement, Tata Consultancy Services, and Tata Steel have been among the many laggards.

In Asian markets, Tokyo quoted in the inexperienced, whereas Seoul and Shanghai have been buying and selling decrease.

The U.S. markets ended in the optimistic territory on Monday.

Foreign Institutional Investors (FIIs) continued their shopping for exercise as they purchased equities price Rs ₹73 crore on Monday, in accordance with change information.

“The global market construct continues to be favourable for the bulls. The declining dollar and the capital flows to emerging markets that it triggers can impart resilience to the market. However, high valuations and possible profit-booking can restrain the rally. A healthy consolidation can be the near-term trend,” stated V.Okay. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Global oil benchmark, Brent crude, climbed 0.38% to $78.80 a barrel.

The BSE benchmark had jumped 529.03 factors or 0.80% to settle at its new all-time closing high of 66,589.93 on Monday. The Nifty went up by 146.95 factors or 0.75% to finish at a record high of 19,711.45.



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