mumbai, june 25
Equity benchmark Sensex jumped 226 points to end at a fresh lifetime high on Friday, boosted by ICICI Bank, Axis Bank and Infosys amid positive cues from global markets.The 30-share BSE index closed 226.04 points or 0.43 per cent higher at record 52,925.04. Similarly, the broader NSE Nifty advanced 69.90 points or 0.44 per cent to 15,860.35.Tata Steel was the top gainer in the Sensex pack, rising over 4 per cent, followed by Axis Bank, SBI, ICICI Bank, Bajaj Finserv, L&T and Maruti.On the other hand, Reliance Industries, NTPC, HUL, Titan and Asian Paints were among the laggards.”Domestic equities rose mirroring an upbeat mood in the global markets after US President Joe Biden embraced Senate infrastructure deal to help stimulate the economy.”The overall mood in Wall Street was lifted since the US jobless claims ticked down as the economy heals,” said Vinod Nair, Head of Research at Geojit Financial Services. On the domestic front, recovery was seen in banks and metal stocks following its consolidation during the past few days, he noted.Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with gains. Equities in Europe were trading on a mixed note in mid-session deals.Meanwhile, international oil benchmark Brent crude was trading 0.44 per cent lower at USD 75.23 per barrel.Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets .The 30-share BSE index was trading 65.90 points or 0.13 per cent higher at 52,764.90 in initial deals. Similarly, the broader NSE Nifty advanced 32 points or 0.20 per cent to 15,822.45.
Tata Steel was the top gainer in the Sensex pack, rising over 3 per cent, followed by Maruti, HCL Tech, ICICI Bank, Maruti, Axis Bank and SBI.On the other hand, Reliance Industries, HUL, Asian Paints, Kotak Bank and Nestle India were among the laggards.In the previous session, the 30-share index Sensex ended 392.92 points or 0.75 per cent higher at 52,699. Similarly, the broader NSE Nifty surged 103.50 points or 0.66 per cent to 15,790.45.Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,890.94 crore on Thursday, as per provisional exchange data.According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be muted as of now.”While Indian equities remained buoyant led by improved prospects of economic recovery in the backdrop of sharp contraction in daily caseload and ramp-up in vaccination programme, a sharp rise in crude price with Brent surpassing USD 75/barrel and recent weakness in INR have emerged as key overhangs for the market,” he noted.On the global front, he said, US equities recovered sharply after President Joe Biden announced that he has reached a deal with a bipartisan group of lawmakers on an infrastructure plan.Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.Meanwhile, international oil benchmark Brent crude was trading 0.22 per cent higher at USD 75.73 per barrel.
