• Source:JND
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Stock Market: Benchmark indices rebounded on Thursday after a decline in early trade, with the Sensex crossing the 79,000-point mark for the first time and the Nifty hitting a new all-time high, amid buying in blue-chip stocks. The 30-share BSE Sensex jumped 339.51 points to an all-time high of 79,013.76 after a decline in early trade, aided by buying in blue-chip stocks Reliance Industries and ICICI Bank.

The Nifty also rebounded, gaining 97.6 points to an all-time high of 23,966.40. Among the 30 Sensex companies, UltraTech Cement, JSW Steel, Reliance Industries, Axis Bank, ICICI Bank, Bajaj Finance, Kotak Mahindra Bank, and Tata Steel were the top gainers. The biggest laggards were Maruti, Tech Mahindra, HCL Technologies, and Larsen & Toubro.

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In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading lower. The US markets ended in positive territory on Wednesday. According to stock exchange data, foreign institutional investors (FIIs) sold shares worth Rs 3,535.43 crore on Wednesday. The price of global benchmark Brent crude fell 0.21 percent to $85.07 per barrel.

The Sensex rose 620.73 points or 0.80 percent to close at a new closing high of 78,674.25 on Wednesday. The Nifty rose 147.50 points or 0.62 percent to close at a record closing high of 23,868.80.

The rupee appreciated 8 paise to 83.49 against the US dollar in early trade on Thursday, with crude oil prices retreating from their highs. Foreign exchange traders said that the strength of the US currency in foreign markets and foreign fund flows abroad impacted the local unit and restricted the upward movement.

(With Agencies Input)

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