Comments
Benchmark stock indices hit their all-time high levels in intra-day trade on Thursday, with Sensex breaching the historic 66,000-mark for the first time following a rally in global markets amid moderating US CPI inflation data.
Buying in market heavyweight stocks Infosys, ICICI Bank and Tata Consultancy Services also helped markets settle in the positive territory.
The 30-share BSE Sensex jumped 670.31 points or 1.02 per cent to hit its all-time intra-day peak of 66,064.21. The barometer settled 164.99 points or 0.25 per cent higher at 65,558.89.
The NSE Nifty went up by 29.45 points or 0.15 per cent to close at 19,413.75. During the day, it rallied 182.7 points or 0.94 per cent to reach its lifetime high of 19,567.
From the Sensex pack, Tata Consultancy Services, Infosys, Bajaj Finserv, Tech Mahindra, ICICI Bank, Axis Bank, Wipro and Bajaj Finance were among the major gainers.
TCS climbed 2.47 per cent a day after announcing its June quarter earnings.
The country's largest IT services company on Wednesday reported a 16.83 per cent increase in June quarter net profit to Rs 11,074 crore but sounded circumspect about growth prospects for the fiscal due to market uncertainties.
Power Grid, Maruti, NTPC, Reliance Industries, Hindustan Unilever and Nestle were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green.
Equity markets in Europe were trading with gains. The US markets ended in positive territory on Wednesday.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday.
Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
Global oil benchmark Brent crude climbed 0.27 per cent to USD 80.33 a barrel.
Foreign institutional investors (FIIs) offloaded equities worth Rs 1,242.44 crore on Wednesday after unabated buying, according to exchange data.
The BSE benchmark had declined 223.94 points or 0.34 per cent to settle at 65,393.90 on Wednesday. The Nifty fell by 55.10 points or 0.28 per cent to end at 19,384.30.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.