Loksatta Trade Representative
MUMBAI: Bulls in the capital market hit new highs on Thursday, maintaining a record run for the fifth consecutive session. The Sensex crossed the record high of 82,000 and the Nifty crossed the 25,000 mark as investors bought the index’s top heavyweights HDFC Bank and Reliance Industries.
At the end of the day on Thursday, the Bombay Stock Exchange index Sensex rose by 126.21 points to settle at a new high of 81,867.55. In the session, he hit an all-time high of 82,129.49, hitting 388.15 points. On the other hand, the national stock market index Nifty added 59.75 to close at an all-time high of 25,010.90. It has crossed the record level of 25,000 degrees for the first time.
Domestic capital markets were positive after the Federal Reserve chairman signaled on Wednesday that an interest rate cut could be considered at its September meeting as inflationary pressures eased in the US. However, rising geopolitical tensions between Israel and Hamas limited the market’s rally as crude oil prices rose, observed Vinod Nair, head of research at Geojit Financial Services.
Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki and Reliance Industries were the top gainers on the Sensex. However, shares of Mahindra & Mahindra, Tata Steel, Bajaj Finserv, State Bank, Larsen & Toubro and Tata Motors declined. Foreign institutional investors remained net sellers in the capital market in Wednesday’s session. He sold shares worth Rs 3,462.36 crore.
Sensex 81,867.55 126.21 (0.15%)
Nifty 25,010.90 59.75 (0.24%)
Dollar 83.73 5
Oil 81.63 0.98
