Mumbai. The record rise in the local stock markets continued on Thursday as well and the BSE Sensex jumped more than 666 points to close at its highest level ever. NSE Nifty also reached a new peak. According to traders, the market remained in the green due to buying in auto and bank shares amid the rise in global markets. The BSE Sensex closed at its highest level of 85,836.12 points with a gain of 666.25 points or 0.78 percent. During trading, it climbed 760.56 points to reach an all-time high of 85,930.43 points.
The National Stock Exchange’s Nifty also closed at its highest level of 26,216.05 points with a gain of 211.90 points or 0.81 percent. During trading, it had reached a record high of 26,250.90 points with a gain of 246.75 points.
Among the 30 companies of Sensex, Maruti gained nearly five percent. Apart from this, shares of Tata Motors, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, JSW Steel, UltraTech Cement, Bajaj Finance and Nestle were also major gainers.
Shares of Larsen & Toubro and NTPC were in loss.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The recent announcement of economic stimulus measures in China has increased investor confidence. Due to this, there was a positive trend in global markets, especially other Asian markets. Apart from this, the market scenario remains positive with stable economic data in the US.”
Nair said, “The Indian market is reaching new heights. It is expected that the financial results of companies will be good in the second half of the current financial year. This expectation has been strengthened due to the good expenditure of the government.” The BSE Smallcap index related to small companies fell by 0.39 percent while the Midcap index related to medium companies suffered a marginal loss of 0.01 percent.
Religare Broking Ltd. Senior Vice President Ajit Mishra said, “On the last day of monthly settlement of deals in the futures and options segment, the market was in profit of about one percent. Due to favorable global indicators and alternate buying in different sectors, the index is reaching new peaks every week.” The situation in other Asian markets was excellent. South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in significant profit.
European markets were in the positive zone in afternoon trade. US markets were down on Wednesday. According to stock market data, foreign institutional investors sold shares worth Rs 973.94 crore on Wednesday. While domestic institutional investors bought shares worth Rs 1,778.99 crore. Global oil benchmark Brent crude fell 1.80 percent to $ 72.14 per barrel. The BSE Sensex rose 255.83 points to a new record high of 85,169.87 on Wednesday and the NSE Nifty closed at a new peak of 26,004.15 points with a gain of 63.75 points.