• Source:PTI
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Stock market:  The BSE Sensex, the benchmark for Indian equities, touched a new all-time high of 78,000 for the first time on Tuesday, as buying in major banking stocks and Reliance Industries powered the index higher. The 30-share index rose 712.44 points, or 0.92 percent, to close at 78,053.52. During the day, it touched a high of 78,164.71, surpassing its previous record high of 77,593.73, set on January 18, 2022.

The Nifty 50 index, which tracks the 50 most-traded stocks on the BSE, also rose to a new record high of 23,721.30, up 183.45 points, or 0.78 percent. During the day, it touched a high of 23,754.15, surpassing its previous record high of 23,676.10, set on January 18, 2022.

Among the 30 Sensex companies,  ICICI Bank, Axis Bank,  Tech Mahindra,  HDFC Bank, Bajaj Finserv, Larsen & Toubro, State Bank of India, Reliance Industries and Infosys were the top gainers. Power Grid Corporation, Nestle, Tata Steel, Asian Paints, Maruti Suzuki India, and JSW Steel were the top losers. In the broader market, the S&P BSE Midcap index rose 1.61 percent to close at 21,488.43, while the S&P BSE Smallcap index gained 2.08 percent to close at 26,331.93.

The rupee appreciated 1 paisa to close at 76.34 against the dollar on Tuesday. In the global markets, Asian stocks were mostly higher in Tuesday morning trade, with Tokyo and Hong Kong leading the gains. European stocks were also trading higher.

Rupees Gains 3 paisa

The rupee gained 3 paise against the US dollar on Tuesday, tracking a strong trend in domestic equities amid stabilization in global crude oil prices. However, forex traders said the strength of the US currency in overseas markets weighed on the local unit, limiting its upward movement.

In the interbank foreign exchange market, the local unit opened at 83.46 and touched an intra-day high of 83.41 and a low of 83.48 against the dollar during the session.

(With PTI's Input)