Sensex, Nifty end at new record on foreign fund inflows

Mumbai: Equity benchmark indices scaled fresh all-time closing highs on Thursday, driven by unabated foreign fund inflows and buying in index major Reliance Industries.

Defying a weak trend in the global markets, the 30-share BSE Sensex climbed 339.60 points or 0.52 per cent to settle at its new all-time closing high of 65,785.64.

During the day, the benchmark jumped 386.94 points or 0.59 per cent to hit its lifetime intra-day peak of 65,832.98. The NSE Nifty rallied 98.80 points or 0.51 per cent to end at a new record high of 19,497.30.

In intra-day, it advanced 113.7 points or 0.58 per cent to reach its all-time intra-day peak of 19,512.20. From the Sensex pack, Mahindra & Mahindra emerged as the biggest gainer, climbing nearly 5 per cent. Power Grid, Tata Motors, Reliance Industries, NTPC, Axis Bank, Nestle, Kotak Mahindra Bank, Asian Paints and Wipro were among the other major gainers.

Maruti , HCL TechnologieS, Bajaj Finance, IndusInd Bank, Infosys and Tata Steel were among the laggards. In the broader market, the BSE midCap gauge climbed 0.79 per cent and smallcap index advanced 0.67 per cent.

Among the indices, utilities rallied 2.44 per cent, realty jumped 2.17 per cent, oil & gas advanced 2 per cent, power climbed 1.96 per cent, energy (1.84 per cent), auto (1.20 per cent) and healthcare (1.05 per cent). IT emerged as the only laggard among the indices, falling marginally. (PTI)