Share Market today: On Friday, the Sensex rose to its all-time high with a gain of 174 points, amid gains in stocks of big companies like Reliance Industries, Infosys and TCS. A positive trend in global markets also boosted the market sentiment.
The 30-share Sensex of BSE closed at its all-time high of 52,474.76 points with a gain of 174.29 points or 0.33 per cent at the end of trading after touching its record level of 52,641.53 points during trading today. Similarly, the Nifty of the National Stock Exchange closed at its all-time high of 15,799.35, up 61.60 points or 0.39 per cent.
Dr Reddy’s highest profit
Among the Sensex companies, Dr. Reddy’s shares climbed more than three percent. Shares of PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries were also gainers. On the other hand, L&T, IndusInd Bank, Bajaj Finverse and Bharti Airtel declined. Vinod Modi, Head of Strategy, Reliance Securities, said, “The trend of gains in the local markets continued and Nifty and Sensex reached their new record levels today.”
IT, Metals up
He said that apart from IT, metals, the market was supported by strong gains in Reliance Industries. Improvement in economic activities and indications from the government to start the capital expenditure program for the current financial year boosted the market sentiments. In other Asian markets, China’s Shanghai Composite and Japan’s Nikkei declined. On the other hand, Hong Kong’s Hang Seng and South Korea’s Kospi made gains. European markets were in gains in afternoon trade. Meanwhile, international benchmark Brent crude was trading 0.22 per cent higher at $72.68 per barrel.
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