Mumbai: Benchmark indices rose on Thursday amid buying in blue-chip stocks, with Sensex crossing the historic 79,000-mark and Nifty touching 24,000 for the first time.
The 30-share BSE Sensex jumped 512.68 points to its new lifetime peak of 79,186.93 after falling early in early trade, helped by buying in blue-chip Reliance Industries.
Nifty also made a comeback and rose 146.45 points to its new all-time high of 24,015.25.
Among the 30 Sensex companies, UltraTech Cement, JSW Steel, Infosys, Tech Mahindra, Tata Consultancy Services and Reliance Industries were the biggest gainers.
Larsen & Toubro, Maruti, Adani Ports and Mahindra & Mahindra were among the laggards.
“Despite valuation concerns, the market will remain bullish in the near term and the current momentum has the potential to take the Sensex to 80,000 levels.
"A healthy trend in the market is that the uptrend is now being led by fundamentally strong largecaps in sectors like banking and telecom. With RIL, which had not participated in the rally till yesterday, joining the bullish band The rally has gained strength to continue,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Among Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in decline.
US markets closed in positive territory on Wednesday.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday.
Global oil benchmark Brent crude fell 0.20 per cent to US$85.08 per barrel.
BSE benchmark Sensex on Wednesday closed at a new closing peak of 78,674.25, up 620.73 points or 0.80 per cent. Nifty closed at a record closing high of 23,868.80, up 147.50 points or 0.62 per cent.
The 30-share BSE Sensex jumped 512.68 points to its new lifetime peak of 79,186.93 after falling early in early trade, helped by buying in blue-chip Reliance Industries.
Nifty also made a comeback and rose 146.45 points to its new all-time high of 24,015.25.
Among the 30 Sensex companies, UltraTech Cement, JSW Steel, Infosys, Tech Mahindra, Tata Consultancy Services and Reliance Industries were the biggest gainers.
Larsen & Toubro, Maruti, Adani Ports and Mahindra & Mahindra were among the laggards.
“Despite valuation concerns, the market will remain bullish in the near term and the current momentum has the potential to take the Sensex to 80,000 levels.
"A healthy trend in the market is that the uptrend is now being led by fundamentally strong largecaps in sectors like banking and telecom. With RIL, which had not participated in the rally till yesterday, joining the bullish band The rally has gained strength to continue,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Among Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in decline.
US markets closed in positive territory on Wednesday.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday.
Global oil benchmark Brent crude fell 0.20 per cent to US$85.08 per barrel.
BSE benchmark Sensex on Wednesday closed at a new closing peak of 78,674.25, up 620.73 points or 0.80 per cent. Nifty closed at a record closing high of 23,868.80, up 147.50 points or 0.62 per cent.
