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Stock market today: The NSE Nifty index closed at a new all-time high of 25,052.35 on Wednesday, rising by 34.60 points or 0.14 per cent. The benchmark also hit a fresh intra-day peak of 25,129.60, surging 111.85 points or 0.44 per cent. This marked the tenth consecutive session of gains for the Nifty.
Similarly, the BSE Sensex extended its winning streak to the seventh day, climbing 73.80 points or 0.09 per cent to close at 81,785.56.During the trading session, the Sensex jumped 327.5 points or 0.40 per cent to reach an intra-day high of 82,039.26.
The gains were primarily driven by buying in IT stocks and supported by positive global market sentiment, recent foreign fund inflows, and lower global crude oil prices.
Among the Sensex constituents, Bharti Airtel, Infosys, IndusInd Bank, Sun Pharma, Tech Mahindra, Mahindra & Mahindra, Bajaj Finance, and JSW Steel were the top gainers. On the other hand, Asian Paints, Maruti, Nestle, Kotak Mahindra Bank, Axis Bank, and UltraTech Cement were among the laggards.
In the Asian markets, Seoul and Tokyo ended higher, while Shanghai and Hong Kong closed lower. European markets were trading in positive territory, and the US markets had marginal gains on Tuesday.
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The market has entered a consolidation phase with low volatility and this trend is likely to continue in the near-term. Falling bond yields in the US have restrained FII selling and they have even turned marginal buyers. Going by previous trends, DIIs are likely to sell if FIIs continue to buy.”
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,503.76 crore on Tuesday, while Domestic Institutional Investors (DIIs) offloaded equities worth Rs 604.08 crore, according to exchange data. The global oil benchmark, Brent crude, declined 0.82 per cent to USD 78.90 a barrel.
Similarly, the BSE Sensex extended its winning streak to the seventh day, climbing 73.80 points or 0.09 per cent to close at 81,785.56.During the trading session, the Sensex jumped 327.5 points or 0.40 per cent to reach an intra-day high of 82,039.26.
The gains were primarily driven by buying in IT stocks and supported by positive global market sentiment, recent foreign fund inflows, and lower global crude oil prices.
Among the Sensex constituents, Bharti Airtel, Infosys, IndusInd Bank, Sun Pharma, Tech Mahindra, Mahindra & Mahindra, Bajaj Finance, and JSW Steel were the top gainers. On the other hand, Asian Paints, Maruti, Nestle, Kotak Mahindra Bank, Axis Bank, and UltraTech Cement were among the laggards.
In the Asian markets, Seoul and Tokyo ended higher, while Shanghai and Hong Kong closed lower. European markets were trading in positive territory, and the US markets had marginal gains on Tuesday.
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The market has entered a consolidation phase with low volatility and this trend is likely to continue in the near-term. Falling bond yields in the US have restrained FII selling and they have even turned marginal buyers. Going by previous trends, DIIs are likely to sell if FIIs continue to buy.”
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,503.76 crore on Tuesday, while Domestic Institutional Investors (DIIs) offloaded equities worth Rs 604.08 crore, according to exchange data. The global oil benchmark, Brent crude, declined 0.82 per cent to USD 78.90 a barrel.
