Market Reaches All-Time High; Sensex Rises By 370 Points

Sensex and Nifty climbed further on Thursday, closing at a record high for the second consecutive session, boosted by lower crude prices in overseas markets and fresh foreign fund inflows amid a broadly favorable global cue.

The 30-share BSE Sensex soared 371.95 points or 0.52 percent, for the fifth day in a row, closing at an all-time high of 72,410.38. It gained 445.91 points or 0.61 percent during the day to record a lifetime high of 72,484.34.

The Nifty surged 123.95 points or 0.57 percent to a new high of 21,778.70. It rose 146.7 points or 0.67 percent during the day to a lifetime high of 21,801.45.

NTPC, Mahindra & Mahindra, Power Grid, Nestle, Tata Motors, ITC, Bharti Airtel, and Kotak Mahindra Bank were the top gainers on the Sensex.

Among the laggards were Larsen & Toubro, Wipro, JSW Steel, UltraTech Cement, and Asian Paints.

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

European stock markets were trading slightly lower.

On Wednesday, the US markets closed in the green.

Brent crude lost 0.73 percent to USD 79.07 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) acquired equities worth Rs 2,926.05 crore on Wednesday following a period of continuous offloading.

On Wednesday, the BSE benchmark advanced 701.63 points, or 0.98 percent, to close at an all-time high of 72,038.43. The Nifty moved 213.40 points, or 1 percent, to a record high of 21,654.75.

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