Sensex, Nifty touch all-time high levels in early trade

Benchmark equity indices Sensex and Nifty touch all-time high levels in early trade on Wednesday (June 28).

This record high registered by Sensex and Nifty happened in the backdrop of a rally in the US markets and fresh foreign fund inflows and buying in market heavyweight stocks like Reliance Industries and HDFC Bank.

Extending its previous day’s rally, the 30-share BSE Sensex advanced 299.97 points to hit its all-time high of 63,716 in early trade. The NSE Nifty climbed 90.75 points to reach its lifetime peak of 18,908.15.

From the Sensex pack, Titan, Bajaj Finance, State Bank of India, ITC, Larsen & Toubro, IndusInd Bank, HDFC Bank, Reliance Industries, Tata Motors, Mahindra & Mahindra, Tata Steel and Infosys were among the major gainers.

Also read: Sensex hits record high of 63,588.31 in early trade, after 7 months

Tech Mahindra, Axis Bank, Kotak Mahindra Bank, HCL Technologies, Power Grid and NTPC were the laggards.

In Asian markets, Tokyo quoted in the green while Seoul, Shanghai and Hong Kong were trading lower. The US markets ended significantly higher on Tuesday.

Global oil benchmark Brent crude climbed 0.61 per cent to US$ 72.70 a barrel.
Foreign institutional investors (FIIs) bought equities worth ₹2,024.05 crore on Tuesday, according to exchange data.

The BSE benchmark jumped 446.03 points or 0.71 per cent to settle at 63,416.03 on Tuesday. The Nifty climbed 126.20 points or 0.68 per cent to end at 18,817.40.