Mumbai: Equity benchmark indices Sensex and Nifty rose nearly 1 per cent each to new lifetime highs on Friday led by strong buying in IT and tech stocks following TCS's strong earnings.
Traders said the rise in Reliance Industries and Infosys also boosted investor sentiments.
The 30-share BSE Sensex jumped 622 points or 0.78 per cent to close at a new closing level of 80,519.34. During the day, it rose 996.17 points or 1.24 percent to hit an all-time high of 80,893.51.
NSE Nifty closed at a record high of 24,502.15, up 186.20 points or 0.77 per cent. Intra-day, it jumped 276.25 points or 1.13 per cent to hit a new lifetime peak of 24,592.20.
Among the Sensex pack, Tata Consultancy Services climbed nearly 7 per cent after the country's largest IT services company Tata Consultancy Services reported 8.7 per cent rise in net profit at Rs 12,040 crore in the June quarter.
Infosys, HCL Technologies, Tech Mahindra, Axis Bank, Reliance Industries, JSW Steel, Bajaj Finance and Larsen & Toubro were other major gainers.
Maruti, Asian Paints, Titan, Kotak Mahindra Bank, Bharti Airtel and ICICI Bank were among the laggards.
In Asian markets, Shanghai and Hong Kong closed higher, while Seoul and Tokyo closed lower.
European markets were on the rise in mid-session trading. On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.78 percent to US$86.13 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
On Thursday, the BSE benchmark closed at 79,897.34, down 27.43 points or 0.03 per cent. NSE Nifty closed at 24,315.95, down 8.50 points or 0.03 per cent.
Traders said the rise in Reliance Industries and Infosys also boosted investor sentiments.
The 30-share BSE Sensex jumped 622 points or 0.78 per cent to close at a new closing level of 80,519.34. During the day, it rose 996.17 points or 1.24 percent to hit an all-time high of 80,893.51.
NSE Nifty closed at a record high of 24,502.15, up 186.20 points or 0.77 per cent. Intra-day, it jumped 276.25 points or 1.13 per cent to hit a new lifetime peak of 24,592.20.
Among the Sensex pack, Tata Consultancy Services climbed nearly 7 per cent after the country's largest IT services company Tata Consultancy Services reported 8.7 per cent rise in net profit at Rs 12,040 crore in the June quarter.
Infosys, HCL Technologies, Tech Mahindra, Axis Bank, Reliance Industries, JSW Steel, Bajaj Finance and Larsen & Toubro were other major gainers.
Maruti, Asian Paints, Titan, Kotak Mahindra Bank, Bharti Airtel and ICICI Bank were among the laggards.
In Asian markets, Shanghai and Hong Kong closed higher, while Seoul and Tokyo closed lower.
European markets were on the rise in mid-session trading. On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.78 percent to US$86.13 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
On Thursday, the BSE benchmark closed at 79,897.34, down 27.43 points or 0.03 per cent. NSE Nifty closed at 24,315.95, down 8.50 points or 0.03 per cent.
