As a result of foreign money inflows and optimism in the US markets, the benchmark equity indices Sensex and Nifty maintained their dream run on Wednesday and reached record high levels in early trade.
Reliance Industries and HDFC Bank, two large index buyers, contributed to the markets’ ability to keep up their winning streak.
The 30-share BSE Sensex increased 293.59 points to achieve its new all-time intra-day peak of 67,088.73 in early trade as it rallied for the fifth day in a row. In one day, the NSE Nifty increased by 80.3 points to a record high of 19,829.55.
The top gainers from the Sensex pack included NTPC, IndusInd Bank, Infosys, Power Grid, Tech Mahindra, Wipro, Reliance Industries, and HDFC Bank.
After the business on Tuesday reported a 30% increase in consolidated net profit for April-June at Rs 2,124.50 crore, helped by core income growth and fewer bad loan charges, IndusInd Bank’s share price increased by over 2%.
The laggards were Maruti, Mahindra & Mahindra, Asian Paints, Tata Consultancy Services, Bharti Airtel, and Nestle.
According to exchange data, foreign institutional investors (FIIs) kept up their buying on Tuesday, purchasing shares of stock worth Rs 2,115.84 crore.