Mumbai. On Wednesday, the Sensex closed slightly lower after reaching the historic mark of 80,000 for the first time during trading amid strong global cues and strong buying in the shares of banks and daily use goods manufacturing companies at the domestic level. Nifty also reached its all-time high with a gain of 162 points. The BSE’s 30-share benchmark index Sensex crossed the historic 80,000 mark for the first time at the start of trading. At the end of trading, it jumped 545.35 points or 0.69 percent to close at 79,986.80. At one time it had reached a record level of 80,074.30 with a jump of 632.85 points.
In this way, the Sensex has continued its record-breaking performance of the last few days. The Sensex crossed the 78,000 level for the first time on June 25 and the 79,000 level on June 27. The National Stock Exchange (NSE) Nifty closed at an all-time high of 24,286.50, up 162.65 points or 0.67 percent. During trading, it rose 183.4 points to a new peak of 24,307.25.
Among the companies included in the Sensex group, Adani Ports saw the highest rise of 2.49 percent. Shares of Kotak Mahindra Bank, HDFC Bank, Axis Bank, IndusInd Bank, State Bank of India, Power Grid, JSW Steel, Bajaj Finance and Tata Steel also registered gains.
On the other hand, shares of Tata Consultancy Services, Titan, Reliance Industries, Tata Motors and Larsen & Toubro declined.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The Indian market witnessed an all-round boom. Big companies related to financial matters played a special role in this. Globally, the US Federal Reserve chief’s comment that inflation will come down to two percent by the end of 2025 also created a positive sentiment.” The BSE midcap index rose 0.86 percent. The smallcap index also closed with a gain of 0.86 percent. Among the sectoral indices, the banking sector rose 1.75 percent and the financial services sector rose 1.55 percent. The telecom sector also saw a rise of 1.44 percent.
Religare Broking Limited Senior Vice President (Research) Ajit Mishra said, “The market gained more than half a percent due to positive signals. The market got a strong start due to the strength in bank shares along with encouraging global markets and remained more or less stable till the end.” In other Asian markets, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hangseng closed with gains while China’s Shanghai Composite saw losses.
European markets were trading with gains. US markets closed with gains on Tuesday. Global oil benchmark Brent crude rose 0.09 percent to $86.32 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,000.12 crore on Tuesday. In volatile trading on Tuesday, the BSE Sensex fell marginally by 34.74 points to 79,441.45 and the Nifty closed down 18.10 points at 24,123.85.