BUSINESS

The Sensex rises 274 points to close at an all-time high of 65,479.05, while the Nifty sets a new record of 19,389 points

Driven by continuous foreign capital inflows and mainly upbeat market attitudes, equity benchmark indices Sensex and Nifty gained further to close at record highs for the fourth consecutive day on Tuesday.

The confidence in the equities market was also boosted by significant purchasing in index heavyweights Bajaj Finance, Bajaj Finserv, Infosys, HDFC Bank, and TCS.

The 30-share BSE Sensex increased 274 points or 0.42 percent to close at its all-time closing high of 65,479.05. This was the rally’s fifth consecutive session high. The benchmark rose 467.92 points or 0.71 percent during the day to reach its all-time intra-day high of 65,672.97.

The NSE Nifty increased by 66.45 points, or 0.34 percent, to close at a brand-new high record of 19,389. It increased by 111.6 points or 0.57 percent during the day to reach its highest intraday top of all time, which was 19,434.15.

Following Bajaj Finance, who surged 7.71%, were Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India, and ITC.

On the other side, the laggards were Tata Steel, Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, and UltraTech Cement.

In Asian markets, Seoul and Tokyo finished down, while Shanghai and Hong Kong closed in the black.

In the mid-session trades, European equity markets were trading in a range of directions. The US stock markets closed Monday with gains.

Benchmark Brent crude for world oil increased 1.15 percent to $75.51 per barrel.

According to exchange statistics, foreign portfolio investors (FPIs) purchased shares of stock worth Rs 1,995.92 crore on Monday.

In June, FPIs invested Rs 47,148 crore in Indian stocks, the biggest amount in the previous 10 months.

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