Sensex, Nifty hit fresh lifetime highs, driven by gains in Reliance Industries, ITC & L&T
The rupee appreciates by 5 paise to close at 83.32 against the US dollar;
Equity benchmarks Sensex and Nifty rallied for the seventh straight session to hit fresh lifetime highs on Wednesday, driven by gains in index majors Reliance Industries, ITC and L&T amid persistent foreign fund inflows.
The 30-share BSE Sensex surged 357.59 points, or 0.52 per cent, to settle at a new record of 69,653.73. The barometer rose to 69,744.62 during intra-day.
The broader index Nifty also climbed 82.60 points, or 0.40 per cent, to hit its fresh peak of 20,937.70.
As many as 20 shares of the BSE benchmark index closed the session with gains, while 30 stocks in the Nifty ended in positive territory.
Among major Sensex movers, Wipro closed with the maximum gain of 3.85 per cent, followed by ITC — 2.51 per cent higher. L&T and TCS gained 2.31 per cent and 2.13 per cent, respectively. Tata Motors, Nestle India, Infosys and Bajaj Finance were other gainers.
On the other hand, NTPC, Axis Bank, UltraTech Cement and ICICI Bank ended the session with a loss of up to 1.58 per cent.
Among sectoral indices, utilities surged 3 per cent, followed by power (2.41 per cent). While oil & gas jumped 1.96 per cent, the IT index went up 1.48 per cent, capital goods advanced by 1.25 per cent, and teck rose by 1.18 per cent.
The rupee appreciated 5 paise to close at 83.32 aagainst the US dollar on Wednesday, helped by a bullish trend in domestic equities and sustained foreign fund inflows. PTI