- By Aditya Pratap Singh
- Mon, 02 Sep 2024 04:24 PM (IST)
- Source:JND
Stock Market: Benchmark equity indices Sensex and Nifty hit fresh record closing highs on Monday, tracking foreign capital inflows and a rally in the U.S. markets. Traders said U.S. rates have eased expectations and renewed foreign capital inflows have fueled the recent rally in domestic equities.
Rising for the 10th straight session, the 30-share BSE Sensex jumped 194.07 points, or 0.24 percent, to end at an all-time high of 82,559.84. During the day, it touched an intra-day record of 82,725.28, logging a gain of 359.51 points, or 0.43 percent.
The NSE Nifty gained 42.80 points, or 0.17 percent, to end at a lifetime high of 25,278.70 for its 13th straight day of winning run. During the day, it jumped 97.75 points, or 0.38 percent, to touch a fresh all-time intra-day high of 25,333.65.
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Bajaj Finserv, Bajaj Finance, HCL Tech, IndusInd Bank, ITC, UltraTech Cement, Axis Bank, and Infosys were the top gainers among the 30 Sensex scrips. Tata Motors, NTPC, Mahindra & Mahindra, Bharti Airtel, Larsen & Toubro, and Power Grid were the laggards.
In the Asian markets, Seoul and Tokyo settled in the green, while Shanghai and Hong Kong ended lower. European markets traded in negative territory. The U.S. markets had ended higher on Friday. Foreign institutional investors bought equities worth Rs 5,318.14 crore on Friday, according to exchange data.
Brent crude, the global benchmark, rose 0.14 percent to $77.04 per barrel. Total GST collection rose 10 percent to around Rs 1.75 lakh crore in August, indicating higher domestic consumption. The BSE benchmark rose 231.16 points, or 0.28 percent, to an all-time high of 82,365.77 on Friday.
In its best winning streak since its launch in 1996, the NSE Nifty rose 83.95 points, or 0.33 percent, to hit a new lifetime closing high of 25,235.90 and reached a winning run for the 12th consecutive day.
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(With PTI's Input)