Benchmark equity indices touched lifetime high levels on Wednesday, with the Sensex reaching a record 64,000 mark and the Nifty touching the 19,000 in intraday trade, pushed by fresh foreign capital inflows and a rise in the US and European markets.
Investing in market-heavyweight such as Reliance Industries and HDFC Bank boosted bullish momentum.
Extending the previous day’s advance, the 30-share BSE Sensex gained 499.39 points or 0.79 percent to close at its all-time high of 63,915.42 points. During the day, the index rose 634.41 points or 1 percent to reach an all-time intraday high of 64,050.44 points.
The NSE Nifty gained 154.70 points or 0.82 percent to a new high of 18,972.10 points. During the day, it rose 193.85 points or 1 percent to a lifetime intraday high of 19,011.25 points.
Tata Motors, Sun Pharma, Titan, Larsen & Toubro, IndusInd Bank, Reliance Industries, NTPC, UltraTech Cement, Bajaj Finance, Infosys, HDFC Bank, and Maruti Suzuki were among the major gainers on the Sensex.
The laggards were Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Bajaj Finserv, HCL Technologies, and Wipro.
In Asian markets, Tokyo and Hong Kong finished higher, while Seoul and Shanghai finished lower.
European markets were trading in green.
On Tuesday, The US markets closed considerably higher.
Brent crude rose 0.83 percent to USD 72.86 a barrel.
According to exchange data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 2,024.05 Crore on Tuesday.
On Tuesday, the BSE benchmark rose 446.03 points or 0.71 percent to 63,416.03 points. The Nifty surged 126.20 points or 0.68 percent to 18,817.40 points.
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