Mumbai: The major stock market indices rose in early trade on Wednesday and the Sensex reached a new all-time high. However, soon the stock market witnessed volatility and the market remained stable amid profit booking.
The 30-share BSE Sensex rose 134.64 points to a new all-time high of 78,188.16 in early trade. The Nifty gained 28.2 points to 23,749.50.
However, later both the indices witnessed fluctuating trend and were trading between high and low levels.
Among the 30 companies listed on the Sensex, UltraTech Cement, ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, NTPC, Bajaj Finance and Tata Motors were the top gainers. Mahindra & Mahindra, HDFC Bank, Tata Steel and JSW Steel were the losers.
In Asian markets, South Korea’s Kospi and Japan’s Nikkei were in profit, while Hong Kong’s Hang Seng and China’s Shanghai Composite were in loss.
US markets closed on a positive note on Tuesday. Global oil benchmark Brent crude futures were trading 0.41 per cent higher at US$85.36 per barrel.
According to stock market data, foreign institutional investors (FIIs) remained buyers in the capital market on Tuesday and bought shares worth a net Rs 1,175.91 crore.