Nifty at record high; Sensex jumps over 300 points

Updates on Nifty and Sensex

Equity benchmark indices continued their winning streak for the fourth day running on Friday, December 1, 2023, with the Nifty hitting a record high in early trade, driven by favourable macroeconomic data and continuous foreign fund inflows.

The 30-share BSE Sensex jumped 308.52 points to 67,296.96 in early trade. The Nifty climbed 96.1 points to 20,229.25. Later, it touched a record high of 20,245.20.

Among the Sensex firms, Larsen & Toubro, NTPC, Asian Paints, Maruti, Sun Pharma, ITC, IndusInd Bank and State Bank of India were the major gainers.

Wipro, HCL Tech, Infosys, Tech Mahindra, Titan and Mahindra & Mahindra were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹8,147.85 crore on Thursday, according to exchange data.

India retained the tag of the world's fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6 per cent in September quarter on booster shots from government spending and manufacturing.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were quoting lower.