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New Delhi: Equity Benchmark Sensex surpassed 250 points in the early stages of trading to expand the 58,000 level for the first time on Friday. Inflow of funds.
Similarly, the wider NSE Ifty also exceeded the 17,300 mark in the opening session.
The 30-share Sensex rose 250.75 points (0.43%) to a lifetime high of 58,103.29 and Nifty rose 67.65 points (0.39%) to 17,301.80 in the first trade.
Titan was the top winner of the Sensex Pack, rising about 2%, followed by Reliance Industries, Kotak Bank, SBI, NTPC and IndusInd Bank.
Meanwhile, HCL Tech, HUL, M & M, Tech Mahindra and TCS lag behind.
In the previous session, the BSE index rose 514.33 points (0.90%) to a record high of 57,852.54 and jumped 157.90 points (0.92%) to 17,234.15.
Foreign institutional investors (FII) were net buyers in the capital markets as they bought shares worth Rs 348.52 on Thursday, according to data from the interim exchange.
According to Reliance Securities’ Vinodomodi Head Strategy, the sharp recovery in the market over the past few days has been largely due to the dovish commentary from the Fed chairman at the Jackson Hole symposium last week and the FII flow following a sustained domestic flow. Due to the resurrection.
“August 2021 high-frequency key economic indicators in the form of vehicle sales, electricity consumption, import / export data, and fuel volume despite GST collection, rail freight, and semiconductor issues are sustainable year-on-year. It shows an economic recovery, “he said.
In Asia, the Shanghai and Hong Kong stock exchanges were losing money during the session, while Seoul and Tokyo were positive.
US stocks also rose and ended in an overnight session.Read also: Supertech Twin Tower Case: Noida authorities’ planning manager suspended, SIT team established
Meanwhile, international oil benchmark Brent crude fell 0.03% to US $ 73.01 a barrel. Read also: IRCTC Good News!Indian Railways resumes monthly pass service for 56 trains
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