Sensex hits 63,000 mark for 1st time amid positive global trends

Mumbai: Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows.

The 30-share barometer rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, the benchmark jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak.

The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities.

The broader NSE Nifty advanced 140.30 points or 0.75 per cent to end at 18,758.35, its fresh record closing high.

Among the Sensex pack, Mahindra & Mahindra, UltraTech Cement, Power Grid, Hindustan Unilever, Bharti Airtel, Asian Paints, Tata Steel and Titan were major gainers.

IndusInd Bank, State Bank of India, HCL Technologies and ITC were among the laggards.

In the broader market, the BSE midcap gauge jumped 1.06 per cent and smallcap index climbed 0.61 per cent.

All sectoral indices ended in the green, with utilities rallying 2.52 per cent, power jumped 2.35 per cent, metal (1.96 per cent), auto (1.74 per cent), commodities (1.62 per cent), realty (1.54 per cent), telecommunication (1.44 per cent) and consumer discretionary (1.25 per cent).

International oil benchmark Brent crude was trading 1.83 per cent higher at $84.55 per barrel.

Foreign Institutional Investors (FIIs) bought shares worth Rs 1,241.57 crore on Tuesday, as per exchange data.