Markets

Sensex crosses 59k for first time; Nifty leaps to fresh high

File: The Bombay Stock Exchange (BSE) building in Mumbai   | Photo Credit: Bloomberg

The BSE Sensex scaled the 59,000-mark for the first time on Thursday, propelled by gains in Reliance Industries, ITC and ICICI Bank amid unabated foreign fund inflows and positive cues from European markets.

The 30-share index climbed 417.96 points or 0.71 % to close at 59,141.16. It touched an intra-day record of 59,204.29.

Similarly, the broader NSE Nifty surged 110.05 points or 0.63 % to its new closing high of 17,629.50. During the session, it scaled an all-time peak of 17,644.60.

IndusInd Bank was the top gainer in the Sensex pack, spurting over 7 %, followed by ITC, SBI, Reliance Industries, Kotak Bank, ICICI Bank and Axis Bank.

On the other hand, TCS, Tech Mahindra, Tata Steel, Bharti Airtel, HCL Tech and Dr Reddy’s were among the laggards.

Elsewhere in Asia, bourses in Shanghai, Seoul, Tokyo and Hong Kong ended with significant losses.

However, equities in Europe were trading with robust gains in mid-session deals.

Foreign institutional investors (FIIs) were net buyers in the capital markets as they purchased shares worth Rs 232.84 crore on Wednesday, as per provisional exchange data.

Meanwhile, international oil benchmark Brent crude rose 0.16 % to $ 75.58 per barrel.


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Printable version | Oct 25, 2021 5:40:18 AM | https://www.thehindu.com/business/markets/sensex-crosses-59k-for-first-time-nifty-leaps-to-fresh-high/article36493724.ece

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