- By Aditya Pratap Singh
- Wed, 26 Jun 2024 04:19 PM (IST)
- Source:JND
The stock market benchmarks Sensex and Nifty ended at record highs on Wednesday, tracking a rally in their Asian peers and buying in Reliance Industries. The 30-share BSE Sensex climbed 620.73 points or 0.80 percent to close at a new closing high of 78,674.25. During the session, it jumped 705.88 points, or 0.90 percent, to touch a new all-time high of 78,759.40.
The Nifty index advanced 147.50 points or 0.62 percent to close at a record closing high of 23,868.80. During the session, it rose 168.6 points, or 0.71 percent, to hit a new all-time high of 23,889.90.
Also read: Stock Market: Sensex, Nifty Hit Fresh All-Time Highs In Mid Day Trade
Among the 30 Sensex constituents, Reliance Industries, UltraTech Cement, Bharti Airtel, Adani Ports, Axis Bank, Sun Pharma, NTPC, and Bajaj Finance were the top gainers. Tata Steel, Mahindra & Mahindra, Tech Mahindra, and JSW Steel were the laggards.
In the Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong ended with gains. European markets were trading mixed. US markets ended mostly higher on Tuesday. Brent crude, the global benchmark, rose 0.80 percent to $85.69 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) bought shares worth Rs 1,175.91 crore on Tuesday.
The Bahrain Stock Exchange index jumped 712.44 points, or 0.92 percent, to settle at 78,053.52 points on Tuesday. The Nifty index rose 183.45 points or 0.78 percent to settle at 23,721.30 points.
Rupee weakens
The rupee depreciated by 17 paise against the US dollar to settle at 83.60 (provisional) on Wednesday, tracking the strength of the American currency in the overseas markets and rising crude oil prices. However, forex traders said the strong trend in domestic equities, with benchmark indices rising to new highs, supported the local unit and restricted the downside.
