Stock Market Today: Sensex, Nifty Hit Record High in Early Trade Amid Optimism in Global Markets and Foreign Fund Inflows
The 30-share BSE Sensex jumped 307.22 points to reach a record high of 74,555.44 in early trade. The NSE Nifty climbed 79.6 points to 22,593.30. Later, the Nifty climbed to its new all-time peak of 22,623.90 and the BSE benchmark scaled a fresh lifetime high of 74,658.95.
Mumbai, April 8: Benchmark equity indices climbed in early trade on Monday, with the Sensex and Nifty reaching record highs, amid optimism in global markets and foreign fund inflows. Buying in index major Reliance Industries also fuelled the rally in equities.
The 30-share BSE Sensex jumped 307.22 points to reach a record high of 74,555.44 in early trade. The NSE Nifty climbed 79.6 points to 22,593.30. Later, the Nifty climbed to its new all-time peak of 22,623.90 and the BSE benchmark scaled a fresh lifetime high of 74,658.95. Stock Market Today: Indian Indices on Strong Footing at Onset of New Financial Year 2024-25.
From the Sensex basket, Tata Steel, Bajaj Finserv, Power Grid, Reliance Industries, Axis Bank and JSW Steel were the major gainers. Wipro and HDFC Bank were the laggards. In Asian markets, Seoul and Tokyo were trading in the positive territory while Shanghai and Hong Kong quoted lower.
Wall Street ended with gains on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,659.27 crore on Friday, according to exchange data. Stock Market Today: Sensex Dips by 59.77 Points, Nifty by 13.85 Points at Tuesday Opening Bell; Investors Eye RBI Policy Meeting.
"Optimism prevails on Dalal Street as investors prioritize the anticipation of strong Q4 corporate profits in India over the Fed's rate-cut plans," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Global oil benchmark Brent crude declined 1.61 per cent to USD 89.71 a barrel.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)