Stock Market: Sensex, Nifty Hit Fresh All-Time Highs; Bajaj Finserv, ITC Top Gainers

Stock Market:  Domestic benchmark equity indices Sensex and Nifty hit fresh all-time highs, tracking foreign capital inflows and a rally in US markets. Equity markets are rallying continuously, amid expectations of a US rate cut gaining traction and renewed foreign capital flows.

During early morning trade, the 30-share BSE Sensex jumped 359.51 points to hit a new high of 82,725.28 points. The NSE Nifty rose 97.75 points to a new high of 25,333.65 points.

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Bajaj Finserv, ITC, HCL Tech, Infosys and Asian Paints, Tech Mahindra were the biggest gainers among the 30 Sensex firms. Tata Motors, Mahindra & Mahindra, NTPC, and Bharti Airtel lost.
In Asian markets, Seoul trades in positive territory, while Tokyo, Shanghai, and Hong Kong are trading lower. U.S. markets 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, fell 0.82 percent to US$76.30 a barrel. The BSE benchmark rose 231.16 points, or 0.28 percent, to hit an all-time high of 82,365.77 points, rallying for the ninth consecutive session on Friday.

In its best winning streak since its 1996 opening, 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.

(With AGencies Input)

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