Sensex, Nifty hit fresh lifetime high levels in early trade
The Hindu
Sensex and Nifty hit record highs, with IT stocks leading gains; global markets rally, FIIs offload equities.
Equity benchmark indices Sensex and Nifty hit their fresh lifetime high levels in early trade on July 2, amid a rally in global markets and buying in IT stocks.
The 30-share BSE Sensex jumped 379.68 points to hit a record peak of 79,855.87 in early trade. The Nifty climbed 94.4 points to hit a lifetime high of 24,236.35.
Among the Sensex pack, HCL Technologies, Tata Consultancy Services, Infosys, Bharti Airtel, HDFC Bank and Power Grid were the biggest gainers.
Tata Motors, Bajaj Finance, Kotak Mahindra Bank and ICICI Bank were among the laggards.
The benchmark indices opened on a bullish note and hit all-time high levels, but soon profit booking emerged, the indices pared early gains and were trading in the negative territory.
The BSE Sensex was trading down 77.93 points, or 0.10 per cent, to 79,398.26 points. The broader NSE Nifty fell 25.65 points, or 0.11 per cent, to 24,116.30 points.
On Monday, the BSE benchmark settled higher by 443.46 points or 0.56 per cent at an all-time high of 79,476.19. The Nifty climbed 131.35 points or 0.55 per cent to settle at a fresh lifetime high of 24,141.95.
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