Markets

Sensex rallies over 500 points to hit new peak; Nifty tops 18,500

File photo for representation. Sensex rallies over 500 points to hit new peak   | Photo Credit: PTI

Extending its record-setting streak, equity benchmark Sensex rallied over 500 points in opening trade on October 18 on account of widespread buying despite a weak trend in global markets.

After touching an all-time high of 61,894.33 in opening deals, the 30-share Sensex was trading 511.54 points or 0.83% higher at 61,817.49.

Similarly, the Nifty surged 157.40 points or 0.86% to 18,495.95. It touched a new intra-day record of 18,521.10 in initial deals.

Infosys was the top gainer in the Sensex pack, rising over 2%, followed by Tata Steel, HDFC Bank, ICICI Bank, Titan and IndusInd Bank.

On the other hand, Asian Paints, Bajaj Auto, Dr. Reddy’s and HCL Tech were trading with losses in early deals.

 

In the previous session on October 14 the 30-share index settled 568.90 points or 0.94% higher at 61,305.95, and the Nifty surged 176.80 points or 0.97% to a new lifetime closing high of 18,338.55.

Foreign institutional investors (FIIs) were net buyers in the capital market, as they purchased shares worth ₹1,681.60 crore, as per exchange data.

Market remained shut on October 15 on account of Dasara.

Elsewhere in Asia, bourses in Hong Kong, Shanghai and Tokyo were trading with losses in mid-session deals, while Seoul was positive.

Meanwhile, international oil benchmark Brent crude rose 1.07%to $85.77 per barrel.


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Printable version | Nov 29, 2021 9:29:25 AM | https://www.thehindu.com/business/markets/sensex-rallies-over-500-points-to-hit-new-peak-nifty-tops-18500/article37048478.ece

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