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Markets at fresh highs on buying in HDFC Bank, RIL

Source: PTI
June 14, 2024 16:29 IST
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Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data.


Photograph: Shailesh Andrade/Reuters

Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points or 0.24 per cent to settle at a new closing peak of 76,992.77.

During the day, it jumped 270.4 points or 0.35 per cent to 77,081.30.


The NSE Nifty rallied 66.70 points or 0.29 per cent to hit a record closing high of 23,465.60.

Intra-day, it rose 91.5 points or 0.39 per cent to hit a fresh all-time high of 23,490.40.

Among the 30 Sensex companies, Mahindra & Mahindra, Titan, HDFC Bank, Reliance Industries, UltraTech Cement, Bajaj Finance, Axis Bank, Tata Motors and Asian Paints were the biggest gainers.

On the other hand, Tech Mahindra, Tata Consultancy Services, Wipro, HCL Technologies, Larsen & Toubro and State Bank of India were among the major laggards.

India's merchandise exports in May 2024 rose by 9 per cent to $38.13 billion, from $34.95 billion in the year-ago month, according to government data released on Friday.

Imports also increased by 7.7 per cent to $61.91 billion from $57.48 billion in May 2023.

In Asian markets, Seoul, Tokyo and Shanghai settled higher, while Hong Kong ended lower.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,033 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.12 per cent to $82.65 a barrel.

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