Equity Markets Close At New All-Time Highs

Benchmark equity indices Sensex and Nifty ended with new all-time highs on Thursday, driven by auto and energy stocks.

The 30-share BSE Sensex climbed 568.93 points, or 0.72 percent to a new all-time high of 79,243.18. The Nifty jumped 175.70 points, or 0.73 percent to a fresh all-time high of 24,044.50.

UltraTech Cement, LTIMindtree, Grasim Industries, Samvardhana Motherson, NTPC, Wipro, Siemens, Dr reddy’s Labs, JSW Steel, ABB India, SRF, Avenue Supermarts, and BPCL were the top gainers.

Among the laggards were PNB, Godrej Consumer, Havells India, Shriram Finance, TVS Motor Company, IRFC, L&T, DLF, Pidilite Industries, Zydus, and LIC.

In Asian markets, Singapore, and Indonesia closed in positive territory, while Thailand, Tokyo, Hong Kong, Taiwan, South Korea, Malaysia, and Shanghai ended in negative territory.

US markets closed higher on Wednesday.

European stocks were trading mostly lower.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday.

Brent crude lost 0.21 percent to USD 85.07 per barrel.

On Wednesday, the Sensex soared 620.73 points or 0.80 percent to 78,674.25, while the Nifty advanced 147.50 points or 0.62 percent to 23,889.90.

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