Business

Nifty Reaches All-Time High In Early Trading

Equity benchmark indices rose in early trade on Friday, with the Nifty reaching a new all-time high, boosted by a rise in Bajaj Finance shares and bullish US market trends.

The 30-share BSE Sensex climbed 470.92 points to 75,082.03 in early trading. The NSE Nifty surged 139.5 points to a record high of 22,787.70.

Bajaj Finance spiked 6 percent from the Sensex basket, while Bajaj Finserv increased by roughly 3 percent.

Bajaj Finance, Torrent Pharma, Shree Cement, Power Finance Corp, ONGC, Bajaj Finserv, Cholamandalam Invest, and Coal India were the top gainers.

Among the laggards were Trent, Bharti Airtel, Bosch, L&T, IOCL, SRF, Nestle India, and Tech Mahindra.

In Asian markets, Gift Nifty, Hong Kong, South Korea, Malaysia, and Taiwan were trading in the green, while Tokyo, and Shanghai were trading in the red.

US markets concluded with gains on Thursday.

Brent crude gained 0.33 percent to USD 83.95 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 964.47 crore on Thursday.

On Thursday, the Sensex advanced 128.33 points or 0.17 percent to 74,611.11, while the Nifty moved 43.35 points or 0.19 percent to 22,648.20.

Also read: Hong Kong Records Its Warmest April In 140 Years

Spriha Rai

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