Mumbai (Maharashtra) [India], Indian benchmark indices hit fresh all-time highs on Wednesday, boosted by gains in banking and media stocks.
Sensex closed at 78,572.43, up 518.91 points and Nifty closed with a high of 120.60 points at 23,868.80 after the market close on June 26.
The BSE Sensex soared to an all-time high of 78,759.40, closing at 78,674.25 up 620.72 points or 0.80 per cent.
At the same time, the NSE Nifty 50 rose 147.50 points or 0.62 per cent to settle at 23,868.80, having hit an all-time high of 23,889.90 during the session.
Leading the gains on the NSE Nifty 50 were Reliance Industries, Bharti Airtel, UltraTech Cement, ICICI Bank and Grasim. On the contrary, Apollo Hospitals, Mahindra & Mahindra, Bajaj Auto, Tata Steel and Hindalco Industries emerged as the major laggards.
Reliance Industries set a new record, while Bharti Airtel rose over 3 per cent, marking major large-cap gains in major indices.
Broader markets showed a mixed performance with the Nifty SmallCap rising by 0.11 per cent and the MidCap declining marginally by 0.05 per cent. Sector-wise, Nifty Media rose 1.7 per cent, Nifty Bank 0.5 per cent and Nifty FMCG 0.4 per cent. The metal sector remained the main loser, with a drop of more than 1.39 percent.
Among the sectoral indices, Nifty Bank, Financial Services, FMCG, Media, Pharmaceuticals, PSU Banks, Private Banks and Oil and Gas remain in the green territory. The value of sectors such as consumer durables, medium and small healthcare, real estate, metals and IT ended in the green.
Foreign investors took a substantial step by buying Indian stocks, while domestic investors showed a different market sentiment by selling shares.
"Foreign portfolio investors (FPIs) maintained their buying streak for the 12th consecutive session, purchasing shares worth $141 million on Tuesday. Since June 7, FPIs have invested a total of $3.7 billion in stocks "Domestic institutional investors (DIIs) have also been active, buying shares worth $1.6 billion in the same period," Varun Aggarwal MD, Profit Idea.
"Gold and silver prices are falling due to the Federal Reserve's aggressive stance on maintaining higher interest rates, which is raising US Treasury yields and capping precious metals' gains. However, geopolitical tensions between Israel and Lebanon are supporting the demand for safe haven," he added. .
Gold is trading between Rs 71,000 and Rs 71,800, waiting for a breakout to establish a new trend.
Sensex closed at 78,572.43, up 518.91 points and Nifty closed with a high of 120.60 points at 23,868.80 after the market close on June 26.
The BSE Sensex soared to an all-time high of 78,759.40, closing at 78,674.25 up 620.72 points or 0.80 per cent.
At the same time, the NSE Nifty 50 rose 147.50 points or 0.62 per cent to settle at 23,868.80, having hit an all-time high of 23,889.90 during the session.
Leading the gains on the NSE Nifty 50 were Reliance Industries, Bharti Airtel, UltraTech Cement, ICICI Bank and Grasim. On the contrary, Apollo Hospitals, Mahindra & Mahindra, Bajaj Auto, Tata Steel and Hindalco Industries emerged as the major laggards.
Reliance Industries set a new record, while Bharti Airtel rose over 3 per cent, marking major large-cap gains in major indices.
Broader markets showed a mixed performance with the Nifty SmallCap rising by 0.11 per cent and the MidCap declining marginally by 0.05 per cent. Sector-wise, Nifty Media rose 1.7 per cent, Nifty Bank 0.5 per cent and Nifty FMCG 0.4 per cent. The metal sector remained the main loser, with a drop of more than 1.39 percent.
Among the sectoral indices, Nifty Bank, Financial Services, FMCG, Media, Pharmaceuticals, PSU Banks, Private Banks and Oil and Gas remain in the green territory. The value of sectors such as consumer durables, medium and small healthcare, real estate, metals and IT ended in the green.
Foreign investors took a substantial step by buying Indian stocks, while domestic investors showed a different market sentiment by selling shares.
"Foreign portfolio investors (FPIs) maintained their buying streak for the 12th consecutive session, purchasing shares worth $141 million on Tuesday. Since June 7, FPIs have invested a total of $3.7 billion in stocks "Domestic institutional investors (DIIs) have also been active, buying shares worth $1.6 billion in the same period," Varun Aggarwal MD, Profit Idea.
"Gold and silver prices are falling due to the Federal Reserve's aggressive stance on maintaining higher interest rates, which is raising US Treasury yields and capping precious metals' gains. However, geopolitical tensions between Israel and Lebanon are supporting the demand for safe haven," he added. .
Gold is trading between Rs 71,000 and Rs 71,800, waiting for a breakout to establish a new trend.
