Mumbai: The domestic markets rose after falling in early trade on Thursday and the Sensex crossed the 79,000 mark for the first time. The Nifty also reached its new record level.
The 30-share BSE index Sensex rose 339.51 points to a new all-time high of 79,013.76 points after falling in early trade. Buying in shares of big companies like Reliance Industries and ICICI Bank contributed significantly to the rise.
Nifty also rose 97.6 points to a new all-time high of 23,966.40. Among the 30 companies listed on the Sensex, UltraTech Cement, JSW Steel, Reliance Industries, Axis Bank, ICICI Bank, Bajaj Finance, Kotak Mahindra Bank and Tata Steel were the top gainers. Maruti, Tech Mahindra, HCL Technologies and Larsen & Toubro were the biggest losers.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei, Hong Kong’s Hangseng and China’s Shanghai Composite ended in losses. US markets closed with a positive trend on Wednesday.
Global oil benchmark Brent crude futures were trading 0.21 per cent lower at US $ 85.07 per barrel. According to stock market data, foreign institutional investors (FIIs) remained net sellers in the capital market on Wednesday and sold shares worth Rs 3,535.43 crore.