Equity benchmark indices Sensex and Nifty reached all-time highs on Thursday, driven by gains in major companies such as Reliance Industries and Tata Motors.
The BSE Sensex surged 349.05 points, or 0.43 per cent, to close at a record 82,134.61, marking its eighth consecutive day of gains. During the session, it hit an intra-day peak of 82,285.83, up 500.27 points or 0.61 per cent.
The NSE Nifty climbed 99.60 points, or 0.40 per cent, to a new closing high of 25,151.95, extending its winning streak to 11 sessions. It reached an intra-day high of 25,192.90, up 140.55 points or 0.56 per cent.
Among the 30 Sensex constituents, Tata Motors led with a gain of over 4 per cent, followed by Bajaj Finserv, Bajaj Finance, HCL Technologies, ITC, Reliance Industries, Tech Mahindra, Maruti, and State Bank of India.
Reliance Industries rose nearly 2 per cent after Chairman Mukesh Ambani announced that the board will meet on September 5 to consider a 1:1 bonus share issue, stating, “When Reliance grows, we reward our shareholders handsomely.”
Mahindra & Mahindra, Sun Pharma, JSW Steel, Kotak Mahindra Bank, Infosys, and Tata Steel were among the biggest laggards.
Asian markets were mixed, with Seoul, Tokyo, and Shanghai closing lower, while Hong Kong ended higher. European markets were trading positively, and US markets closed lower on Wednesday.
Foreign Institutional Investors (FIIs) sold equities worth Rs 1,347.53 crore on Wednesday, according to exchange data. Global oil benchmark Brent crude fell by 0.60 per cent to USD 78.27 a barrel.
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