Mumbai: Equity benchmark indices Sensex and Nifty hit their fresh record highs on Friday amid heavy buying in IT stocks after TCS announced its June quarter earnings.
The 30-share BSE Sensex jumped 996.17 points to hit an all-time high of 80,893.51. NSE Nifty jumped 276.25 points to hit a new lifetime peak of 24,592.20.
Among the Sensex pack, 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, which climbed nearly 6 per cent.
Infosys, Tech Mahindra, HCL Technologies, Axis Bank and Bajaj Finance were other major gainers.
Maruti, Kotak Mahindra Bank, Asian Paints and ITC were among the laggards.
"The positive domestic cues are TCS's better-than-expected numbers and positive management commentary which could lift most IT stocks higher," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
In Asian markets, prices were higher in Shanghai and Hong Kong while prices fell in Seoul and Tokyo.
On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.59 percent to US$85.90 a barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
Retreating from early highs, the BSE benchmark on Thursday 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.
The 30-share BSE Sensex jumped 996.17 points to hit an all-time high of 80,893.51. NSE Nifty jumped 276.25 points to hit a new lifetime peak of 24,592.20.
Among the Sensex pack, 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, which climbed nearly 6 per cent.
Infosys, Tech Mahindra, HCL Technologies, Axis Bank and Bajaj Finance were other major gainers.
Maruti, Kotak Mahindra Bank, Asian Paints and ITC were among the laggards.
"The positive domestic cues are TCS's better-than-expected numbers and positive management commentary which could lift most IT stocks higher," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
In Asian markets, prices were higher in Shanghai and Hong Kong while prices fell in Seoul and Tokyo.
On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.59 percent to US$85.90 a barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
Retreating from early highs, the BSE benchmark on Thursday 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.