Sensex reaches historic 80,000 mark, Nifty closes at record high on gains in banking stocks

Sensex reaches historic 80,000 mark, Nifty closes at record high on gains in banking stocks


    A view of the BSE building in Mumbai.

A view of the BSE building in Mumbai. | Photo credit: Paul Noronha

The benchmark BSE Sensex breached the all-time high of 80,000 for the first time on Wednesday, while the Nifty rallied over 162 points to hit a new all-time high, driven by heavy buying in banking and FMCG stocks amid strong global market sentiment.

The 30-share Sensex breached the historic 80,000-mark for the first time in the day. It hit a record high of 80,074.30, gaining 632.85 points, or 0.79%. The index later closed close to the 80,000-level at 79,986.80, up 545.35 points, or 0.69%, from its previous close.

The BSE Sensex crossed the 78,000 level on 25 June and 79,000 level for the first time on 27 June.

The Nifty climbed 162.65 points or 0.67% to hit an all-time high of 24,286.50. During the day's trade, it rose 183.4 points or 0.76% to a new intraday record peak of 24,307.25.

Among Sensex stocks, Adani Ports, Kotak Mahindra Bank, HDFC Bank, Axis Bank, IndusInd Bank, State Bank of India, Power Grid, JSW Steel, Bajaj Finance and Tata Steel were the top gainers.

Tata Consultancy Services, Titan, Reliance Industries, Tata Motors and Larsen & Toubro were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong rose while Shanghai fell. European markets recorded a rise. US markets closed with gains on Tuesday.

The BSE benchmark index closed 34.74 points, or 0.04%, lower at 79,441.45 in volatile trade on Tuesday. During the day, it had jumped 379.68 points, or 0.47%, to a record peak of 79,855.87.

The Nifty closed down 18.10 points or 0.07% at 24,123.85. Intra-day, it rose 94.4 points or 0.39% to hit an all-time high of 24,236.35.

Brent crude, the global oil benchmark, rose 0.09% to $86.32 per barrel.

Foreign institutional investors (FIIs) sold equities worth Rs 2,000.12 crore on Tuesday, according to exchange data.


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