Equity benchmark indices climbed in early trade on Friday, May 3, with the Nifty reaching its fresh all-time peak, following a rally in shares of Bajaj Finance and positive trends from the US markets.
The 30-share BSE Sensex jumped 470.92 points to 75,082.03 in early trade. The NSE Nifty climbed 139.5 points to hit a record peak of 22,787.70.
From the Sensex basket, Bajaj Finance jumped 6 per cent, while Bajaj Finserv climbed nearly 5 per cent. The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory on May 2.
In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products — eCOM and Insta EMI Card — due to the company’s non-adherence to the extant provisions of digital lending guidelines.
NTPC, ICICI Bank, Tata Steel and JSW Steel were the other major gainers. Bharti Airtel, Maruti, Asian Paints and Larsen & Toubro were among the laggards. Source: PTI
Tag: Nifty
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Nifty hits an all-time high
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Sensex, Nifty eke out gains to settle at fresh lifetime highs
Mumbai (TIP)- Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows.
In a highly volatile trade, the 30-share BSE Sensex eked out gains of 33.40 points or 0.05 per cent to settle at a new closing peak of 74,119.39. During the day, it jumped 159.18 points or 0.21 per cent to reach an all-time high of 74,245.17.
The Nifty rose by 19.50 points or 0.09 per cent to reach a new closing peak of 22,493.55. During the day, it climbed 51.6 points or 0.22 per cent to a record high of 22,525.65. Among the Sensex firms, Tata Steel, JSW Steel, Tata Motors, Bajaj Finserv, Bajaj Finance, Asian Paints, ITC and Nestle were the major gainers. Mahindra & Mahindra, Reliance Industries, Axis Bank, ICICI Bank and Power Grid were among the laggards. In Asian markets, Seoul settled in the green while Tokyo, Shanghai and Hong Kong ended lower. European markets were trading on a mixed note. The US markets ended in positive territory on Wednesday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,766.75 crore on Wednesday, according to exchange data.
Global oil benchmark Brent crude dipped 0.65 per cent to USD 82.42 a barrel.
The BSE benchmark jumped 408.86 points or 0.55 per cent to settle at a new record high of 74,085.99 on Wednesday. The Nifty climbed 117.75 points or 0.53 per cent to settle at a fresh closing peak of 22,474.05. -
Amid optimistic trend in global markets, Sensex, Nifty hit record highs
Benchmark equity indices Sensex and Nifty surged to all-time high levels in early trade on Friday, December 15, amid an optimistic trend in global markets after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year. Continuous foreign fund inflows into the equity markets also fuelled the rally in stocks.
The 30-share BSE Sensex jumped 339.36 points to 70,853.56, its all-time high level, in early trade. The Nifty climbed 115.45 points to reach its record peak of 21,298.15.
Among the Sensex firms, JSW Steel, Infosys, Tata Steel, HCL Technologies, Tata Consultancy Services, Sun Pharma, Tata Motors and Reliance Industries were the major gainers.
Nestle, Axis Bank, Kotak Mahindra Bank and UltraTech Cement were among the laggards.