Mumbai. The local stock markets rose on Thursday and the BSE Sensex rose 63 points to close at a new peak above 80,000 points. The NSE Nifty also remained at a record high. The market rose mainly due to buying in companies with strong market share such as ICICI Bank, Infosys and TCS amid positive sentiment in global markets.
The 30-share BSE Sensex closed at a record high of 80,049.67 points, up 62.87 points or 0.08 per cent. During trading, at one point it rose 405.84 points to reach 80,392.64 points. The National Stock Exchange’s Nifty also closed at a new peak of 24,302.15 points, up 15.65 points or 0.06 per cent. During trading, it rose 114.5 points to reach 24,401 points.
Among the Sensex stocks, HCL Technologies, ICICI Bank, Tata Motors, Sun Pharmaceuticals, Tata Consultancy Services, Infosys, Kotak Mahindra Bank and Mahindra & Mahindra were the major gainers. The loss making stocks include HDFC Bank, Bajaj Finance, Larsen & Toubro, Tech Mahindra, UltraTech Cement and IndusInd Bank. In other Asian markets, Japan’s Nikkei, Hong Kong’s Hang Seng and South Korea’s Kospi were in gains while China’s Shanghai Composite was in losses.
There was a bullish trend in early trade in major European markets. US markets were in profit on Wednesday. Global oil benchmark Brent crude fell 0.52 percent to $86.89 per barrel. According to stock market data, foreign institutional investors bought shares worth Rs 5,483.63 crore on Wednesday.
On Wednesday, the Sensex crossed the 80,000 mark for the first time during trading. Later, it closed at 79,986.80 points with a gain of 545.35 points. On the other hand, the Nifty closed at 24,286.50 points with a gain of 162.65 points. During trading, it rose to 24,307.25 points with a gain of 183.4 points.