share market | Sensex jumps 467 points to close at record level, Nifty also at all-time high

Mumbai. Major stock indices Sensex and Nifty closed at all-time high on Friday amid positive global trends. During this period, banking, financial and capital goods stocks were especially strong. Traders said strengthening of the rupee against the US dollar and sustained buying by foreign investors also supported the market sentiment. During this period, the 30-share index of BSE climbed 466.95 points, or 0.74 percent, to close at a record high of 63,384.58 points. At one point in the day’s trade, it had also increased by 602.73 points, or 0.95 percent, to reach 63,520.36. On the other hand, the National Stock Exchange (NSE) index Nifty also climbed 137.90 points, or 0.74 percent, to close at its highest level of 18,826. Among the Sensex basket of stocks, Reliance Industries, HDFC, HDFC Bank, Bajaj Finserv, Titan, ITC, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HUL and Mahindra & Mahindra were notable gainers. In contrast, the shares of Wipro, TCS, Power Grid and Tech Mahindra declined. In other Asian markets, Kospi of South Korea, Nikkei of Japan, Shanghai Composite of China and Hangseng of Hong Kong closed higher. Also read European markets were also trading with gains in the afternoon session. A day earlier on Thursday, there was a strong rally in the US markets. Vinod Nair, Head of Research, Geojit Financial Services, said, ‚ÄúDomestic market rebounded on strong buying in banking, pharma and consumer stocks along with positive cues from global markets. Better-than-expected retail sales figures in the US reflect the strength of the markets there. Global oil benchmark Brent crude was down 0.62 per cent at $75.20 per barrel. According to provisional data of the stock market, foreign institutional investors (FIIs) made net purchases of shares worth Rs 3,085.51 crore on Thursday. On Thursday, the Sensex fell 310.88 points to close at 62,917.63. The Nifty also closed at 18,688.10, down 67.80 points. (agency)

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