Equity benchmark indices Sensex and Nifty hit fresh lifetime closing highs on Friday, buoyed by a generally positive global market trend and renewed foreign fund inflows.
The 30-share BSE Sensex gained 231.16 points, or 0.28 per cent, to close at a record 82,365.77, marking its ninth consecutive session of gains. During the day, it peaked at 82,637.03, up 502.42 points or 0.61 per cent.
The NSE Nifty rose by 83.95 points, or 0.33 per cent, to end at a new all-time closing high of 25,235.90, continuing its winning streak to 12 days. It reached an intra-day peak of 25,268.35, up 116.4 points or 0.46 per cent.
Among Sensex constituents, Bajaj Finance, Mahindra & Mahindra, NTPC, Power Grid, Bajaj Finserv, Bharti Airtel, and Tata Consultancy Services were the top performers. In contrast, Tata Motors, HDFC Bank, Reliance Industries, Tech Mahindra, and ITC lagged.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, closed higher, while European markets were trading positively. US markets had a mixed close on Thursday.
Foreign Institutional Investors (FIIs) purchased equities worth Rs 3,259.56 crore on Thursday, according to exchange data.
Domestic Institutional Investors (DIIs) bought equities valued at Rs 2,690.85 crore.
“Continued accumulation of quality large-caps by DIIs and HNIs, combined with a reduction in FII selling and selective buying, has bolstered market resilience,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Global oil benchmark Brent crude rose 0.08 per cent to USD 80 per barrel.
On Thursday, the BSE benchmark had risen 349.05 points, or 0.43 per cent, to a closing high of 82,134.61, marking its eighth consecutive day of gains. The Nifty had surged 99.60 points, or 0.40 per cent, to a new closing high of 25,151.95, extending its winning streak to 11 days.
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