Sensex, Nifty hit fresh all-time high levels in early trade
The Hindu
Mumbai Sensex & Nifty hit new highs on optimism over macroeconomic fundamentals, global trends & FII inflows. Major gainers included JSW Steel, NTPC, HDFC Bank & ITC.
Equity benchmark indices Sensex and Nifty hit new all-time high levels in early trade on December 28 amid optimism over the country's macroeconomic fundamentals, firm global market trends, and fresh foreign fund inflows.
Rallying for the fifth day running, the 30-share BSE Sensex jumped 322.08 points to reach its new lifetime peak of 72,360.51 in early trade. The Nifty climbed 90.85 points to reach its all-time high of 21,745.60.
Among the Sensex firms, JSW Steel, NTPC, Power Grid, Bajaj Finserv, HDFC Bank, ITC, Nestle and Tata Steel were the major gainers.
UltraTech Cement, IndusInd Bank, Asian Paints, and Axis Bank were among the laggards.
In Asian markets, Seoul, Shanghai, and Hong Kong quoted with gains while Tokyo traded lower.
The U.S. markets ended in the green on December 27.
Global oil benchmark Brent crude climbed 0.13% to $79.75 a barrel.
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