Business

Sensex Crosses 78k Level, Nifty Closes At A Record High

The benchmark Sensex crossed the historic 78,000 milestone for the first time, while the Nifty settled at a fresh record high on Tuesday, driven by strong Asian market trends and buying in banking stocks.

The 30-share BSE Sensex soared 712.44 points, or 0.92 percent to 78,053.52. During the day, the benchmark surged 823.63 points, or 1 percent, to a new lifetime high of 78,164.71.

The Nifty climbed 183.45 points, or 0.77 percent to 23,721.3. During the day, it gained 216.3 points, or 0.91 percent, to reach a new all-time high of 23,754.15. Bank Nifty jumped 902.05 points, or 1.74 percent to a new record high of 52,606.00.

Shriram Finance, Axis Bank, Samvardhana Motherson, Bosch, ICICI Bank, HDFC Bank, HDFC Life Insurance, Tech Mahindra, and Zomato were the top gainers.

Among the laggards were BPCL, Adani Total Gas, Vedanta, Eicher Motors, Interglobe Aviation, DLF, Adani Ports, Power Grid Corp, and IRCTC.

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

US markets closed on a mixed note on Monday.

European stocks were trading lower.

Brent crude lost 0.44 percent to USD 85.63 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 653.97 crore on Monday.

On Monday, the Sensex advanced 131.18 points, or 0.16 percent to 77,341.08, while the Nifty moved 36.75 points, or 0.15 percent to 23,537.85.

Also read: Ukraine, Moldova Set To Begin EU Membership Talks

Spriha Rai

Recent Posts

Devotees Mistakenly Collect AC Condensation As ‘Charan Amrit’ At Mathura Temple

Devotees at Mathura's Banke Bihari temple gathered to collect water dripping from a sculpted elephant,…

8 mins ago

State Cannot Claim Private Property Under Article 39(b): Supreme Court

A nine-judge SC bench ruled that the State cannot indiscriminately seize private property for redistribution…

36 mins ago

RG Kar Case: Junior Doctors In West Bengal Protest Alleged Gaps In CBI Chargesheet

Junior doctors in WB protested Tuesday over alleged flaws in the CBI chargesheet on their…

1 hour ago

Supreme Court Upholds Uttar Pradesh Madrasa Education Act; Sets Limits On Higher Education Regulation

The SC upheld the UP Board of Madrasa Education Act, 2004, reversing the Allahabad High…

1 hour ago

How US Presidential Election Is Conducted – Explained

The US presidential election is a complex, multi-step process that involves both voters and an…

2 hours ago

Mumbai Police Uncover Connections & Weapons In Baba Siddiqui Murder Investigation

The Mumbai Police disclosed that the firearms used to assassinate late NCP leader Baba Siddiqui…

3 hours ago