• Source:PTI
Add as a preferred

Stock Market Closing:  Domestic benchmark equity indices Sensex and Nifty hit fresh all-time closing highs, backed by buying shares of market heavyweights like HDFC Bank, Reliance Industries, and Mahindra & Mahindra. The 30-share BSE Sensex rose for the third straight session by 181.87 points or 0.24 percent to settle at a new closing high of 76,992.77. During the day, it jumped 270.4 points, or 0.35 percent, to 77,081.30.

The NSE Nifty index rose 66.70 points or 0.29 percent to reach a record closing level of 23,465.60. During the day, it rose 91.5 points, or 0.39 percent, to reach a new all-time high of 23,490.40. Of the 30 Sensex companies,  Titan, HDFC Bank, Mahindra & Mahindra, UltraTech Cement, Reliance Industries, Axis Bank, Tata Motors, Bajaj Finance and Asian Paints were the top gainers. Meanwhile, Tech Mahindra,  Wipro, Tata Consultancy Services, Larsen & Toubro,  HCL Technologies, and State Bank of India were among the major laggards.

Also read: Wholesale Inflation Rises For Third Straight Month In May At 2.61%, Food Items Costlier

India's merchandise exports in May 2024 increased 9 percent to $38.13 billion, from $34.95 billion in the same month last year, according to government data released on Friday. Imports also increased 7.7 percent to $61.91 billion from $57.48 billion in May 2023. In Asian markets, Seoul, Tokyo, and Shanghai settled higher, while Hong Kong ended lower.

European market prices were lower in mid-session deals. US markets ended mixed on Thursday. Foreign institutional investors (FIIs) offloaded shares worth Rs 3,033 crore on Thursday, according to stock exchange data.

The price of global benchmark Brent crude fell 0.12 percent to $82.65 per barrel. The BSE index jumped 538.89 points or 0.70 percent to reach an all-time high of 77,145.46 on Thursday. The index later closed at 76,810.90, up 204.33 points, or 0.27 percent. The Nifty index rose 75.95.

Also read: Budget: Finance Ministry Invites Industry Views On Tax Rates, Deductions

(With PTI's Input)