June 26th 2024.
In Mumbai, the stock market's key indices, Sensex and Nifty, reached new record highs on Wednesday, following a surge in Asian markets and increased buying in Reliance Industries. The 30-share BSE Sensex saw a significant rise of 620.73 points or 0.80%, closing at a new peak of 78,674.25. It even hit an all-time high of 78,759.40 during the day, gaining 705.88 points or 0.90%.
Similarly, the Nifty also experienced a positive trend, climbing by 147.50 points or 0.62% to settle at a record closing high of 23,868.80. Intra-day, it soared by 168.6 points or 0.71%, reaching a fresh lifetime high of 23,889.90.
Among the 30 companies listed on the Sensex, Reliance Industries, Bharti Airtel, UltraTech Cement, Sun Pharma, Adani Ports, Axis Bank, NTPC, and Bajaj Finance emerged as the top gainers. However, Mahindra & Mahindra, Tata Steel, Tech Mahindra, and JSW Steel were among the few that experienced a decline.
In the international market, major Asian markets such as Seoul, Tokyo, Shanghai, and Hong Kong also closed with gains, indicating a positive trend. Meanwhile, European markets were trading on a mixed note, while the US markets ended mostly higher on Tuesday.
The global oil benchmark, Brent crude, also saw a rise of 0.80%, reaching $85.69 a barrel. As per exchange data, Foreign Institutional Investors bought equities worth Rs 1,175.91 crore on Tuesday.
The previous day, the BSE benchmark had seen a significant jump of 712.44 points or 0.92%, closing at 78,053.52, while the Nifty had gone up by 183.45 points or 0.78% to settle at 23,721.30.
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