Rediff.com  » Business » Sensex, Nifty scale fresh lifetime highs

Sensex, Nifty scale fresh lifetime highs

Source: PTI
Last updated on: August 05, 2021 16:40 IST
Get Rediff News in your Inbox:

IndusInd Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by Titan, Tata Steel, M&M, Bajaj Finance and SBI.

On the other hand, Bharti Airtel, HCL Tech, Tech Mahindra and Kotak Bank were among the gainers.

NSE Nifty inched 8.95 points lower to 16,249.85 in early trade.

Extending its winning streak to the fourth straight session, equity benchmark Sensex ended 123.07 points higher at a fresh record on Thursday amid gains in index majors Reliance Industries, HDFC Bank and ITC.

After scaling 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 its record high of 54,492.84.

 

In similar movement, the broader NSE Nifty 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, surging around 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 among the laggards.

"Domestic benchmark indices extended gains as rebound in IT and metals supported them to scale new highs.

"Additionally, recovery in FMCG stocks and RIL supported market," said Binod Modi, head - strategy at Reliance Securities.

However, it was again not a broad-based rally as profit booking in mid-cap and small-cap stocks remained visible with Nifty mid-cap and small-cap indices declining for the third consecutive day, he added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended in the red, while Tokyo closed with gains.

Photograph: Danish Siddiqui/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!