Sensex closes above 66,000-mark for 1st time, Nifty settles at new record high on FII inflows

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mad cow disease Sensex It closed above the historic 66,000 mark for the first time, while NSE elegant Achieved an all-time high closing driven by heavy buying at IT counters and fresh foreign money inflows.

Optimism in global equity markets also helped local markets maintain their winning momentum for a second day.

The 30-share BSE Sensex jumped 502.01 points, or 0.77 percent, to settle at a new all-time closing high of 66,060.90. During the day, it rose by 600.9 points, or 0.91 percent, to reach an all-time high for the day at 66,159.79 points.

The NSE Nifty Index rose by 150.75 points, or 0.78 percent, to close at a new record high of 19,564.50. During the day, it reached its live intraday peak of 19,595.35, recording a jump of 181.6 points, or 0.93 percent.

From the Sensex package, Tata Consultancy Services jumped more than 5 percent and Tech Mahindra stock rose 4.51 percent. Also among the winners were Infosys, HCL Technologies, Wipro, Tata Steel, Nestle, Asian Paints, Larsen & Toubro and Hindustan Unilever.

On the other hand, Mahindra, Mahindra, Power Grid, Titan, Maruti, Ultra Tech Cement, NTPC and Axis Bank were among the latecomers.

The global oil benchmark, Brent crude, fell 0.09 percent to $81.29 a barrel.

Also read: With the price of Russian oil at $60 a barrel, India is in a bind

In Asian markets, Seoul, Shanghai, and Hong Kong closed in the green, while Tokyo settled lower. Stock markets in Europe were trading mostly with gains. US markets closed in positive territory on Thursday.

the The inflation rate based on wholesale prices fell to (-) 4.12 percent In June, after easing the prices of food, fuel and manufactured materials.

Foreign institutional investors (FIIs) turned buyers on Thursday buying shares worth $2,237.93 crore after a one-day break, according to exchange data.

“Controlled US inflation has instilled optimism among investors that a 25 basis point rate hike would be appropriate to stabilize the US economy. This improved prospect contributed to the strong buying of Indian IT stocks despite muted first-quarter earnings.

said Vinod Nair, head of research at the company Geojit Financial Services.

The Bahrain Stock Exchange index closed up 164.99 points, or 0.25 percent, at 65,558.89 on Thursday. The Nifty Index rose by 29.45 points, or 0.15 percent, to 19,413.75 points.