Nifty hits new all-time high level; Sensex jumps nearly 600 points


PTI, Jun 12, 2024, 11:53 AM IST

Benchmark equity indices climbed on Wednesday, with the Nifty hitting its fresh record high level and Sensex climbing nearly 600 points, amid buying in market blue-chip stocks HDFC Bank and Reliance Industries.

Buying in IT stocks also propelled the rally in the markets.

The NSE Nifty went up by 177.1 points or 0.76 per cent to hit its new all-time high of 23,441.95 during the late morning trade. The 30-share BSE Sensex climbed 593.94 points or 0.77 per cent to 77,050.53.

The BSE benchmark is just 28.51 points away from breaching its previous lifetime peak of 77,079.04 hit on Monday.

Among the 30 Sensex companies, Power Grid, Tech Mahindra, HCL Technologies, HDFC Bank, Tata Steel, State Bank of India, Bajaj Finance, Wipro, Tata Motors and Reliance Industries were the major gainers. Hindustan Unilever, Titan, Asian Paints and Mahindra & Mahindra were the laggards.

In Asian markets, Seoul and Shanghai traded in the positive territory while Tokyo and Hong Kong quoted lower. US markets ended mostly higher on Tuesday.

“The 32 per cent decline in India VIX during the last 5 days indicates that the days of heightened volatility are over and the market has entered a consolidation phase. From now on the focus will be on fundamentals and news flows,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Tonight’s US inflation numbers and the Fed policy outcome will influence the direction of the global equity market, he added.

Global oil benchmark Brent crude climbed 0.44 per cent to USD 82.28 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 111.04 crore on Tuesday, according to exchange data.

The BSE benchmark declined 33.49 points or 0.04 per cent to settle at 76,456.59 on Tuesday. In a volatile trade, the Nifty ended marginally up by 5.65 points or 0.02 per cent at 23,264.85.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

ICC forms three-member committee to review conduct of T20 World Cup

Used to go to veg hotel run by Muslim in Kerala as he maintained standards: Supreme Court Judge

All airport operators to conduct third party audit of structural stability of buildings

Gambhir-Agarkar in sync: Players won’t be allowed to pick and choose series for workload management

Woman to get Rs 5 lakh compensation 20 years after needle left in her body during surgery

Hockey: Veteran Indian goalkeeper P R Sreejesh to retire after Paris Olympics

Karnataka govt to issue guidelines to malls following denial of entry to farmer due to his attire

Related Articles More

Pre-budget Survey highlights urgent need for agricultural reforms

Economic Survey calls for paradigm shift to counter rising mental health issues among Indians

Jindal Group begins probe against senior executive facing molestation charges

Job-for-locals bill: Skilling, not legislation, key to meet evolving industry demands, say experts

Nobody expects RBI to be cheerleader, coordination with government helped fast revival in economy: Governor Das

MUST WATCH

Brahma Kumaris

Tapta Mudra Dharana

Banana Farming

Aghnashini River

Dr. Rajkumar


Latest Additions

ICC forms three-member committee to review conduct of T20 World Cup

Used to go to veg hotel run by Muslim in Kerala as he maintained standards: Supreme Court Judge

All airport operators to conduct third party audit of structural stability of buildings

Karnataka govt. struggling to find land for new cemeteries, playgrounds and other public utilities

BJP’s lamp is flickering, will go off soon: Akhilesh

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.