Sensex And Nifty Hit All-Time Highs As RBI Announces Highest-Ever Dividend

The benchmark stock indices Sensex and Nifty soared more than 1.6 percent to close at career highs on Thursday, boosted by buying in banking, oil, and auto companies, as well as the RBI’s record dividend payout to the government.

The 30-share BSE Sensex regained the 75,000 mark after its greatest single-day gain since January 29, closing at an all-time high of 75,418.04, up 1,196.98 points or 1.61 percent from the previous close. During the day, it rose 1,278.85 points, or 1.72 percent, to its all-time intra-day high of 75,499.91.

Throughout the day, the NSE Nifty edged closer to the milestone 23,000 level. It increased by 369.85 points, or 1.64 percent, to 22,967.65. During the day, it rose 395.8 points, or 1.75 percent, to 22,993.60, setting an intra-day record high.

Adani Enterprises, IRFC, Adani Ports, L&T, Mahindra & Mahindra, Axis Bank, Eicher Motors, and Maruti Suzuki were the top gainers.

Among the laggards were Vedanta, Sun Pharmaceutical, LIC, Power Grid Corp, Hindalco, United Spirits, and Coal India.

In Asian markets, Singapore, Tokyo, Malaysia, Indonesia, and Taiwan concluded higher, while South Korea, Thailand, Shanghai, and Hong Kong closed lower.

US markets closed lower on Wednesday.

Brent crude lost 0.15 percent to USD 81.79 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 686.04 crore on Wednesday.

The foreign exchange market will be closed on Thursday to observe ‘Buddha Purnima’.

On Wednesday, the Sensex moved 267.75 points, or 0.36 percent to 74,086.15, while Nifty the Nifty inched up 68.75 points, or 0.31 percent to 22,562.05.

Also read: 9 Died As Stage Collapses At Mexico’s Presidential Candidate’s Rally