Share market today:  The two key equity benchmarks, Sensex and Nifty, on Thursday morning extended their leads tracking positive global trends. The Sensex topped the 80,300 level in opening trade, while the NSE Nifty50 crossed 24,400 for the first time. At 10.15 am, the BSE Sensex jumped 351 points to reach 80,338. On the other hand, the Nifty50 was trading at 24,379, up 92 points.


Stock update


On the 30-share Sensex platform, HCLTech, ICICI Bank, Tata Motors, Infosys, TCS, Kotak Bank emerged gainers. On the down side, HDFC Bank, IndusInd Bank, Titan, TechM, Bajaj Finance, Adani Ports were among the losers.


In the broader markets, the BSE Midcap and Smallcap indices gained 0.36 per cent and 0.57 per cent, respectively.


Sectoral update


Sectorwise, Nifty IT index was the highest gaining index rising 1 per cent. On the flip side, Nifty FMCG index was the top loser, falling 0.06 per cent.


In the previous session on Wednesday, the Sensex closed at 79,987, rising 545 points, while closed 163 points higher at 24,287. On Wednesday, the market capitalisation of BSE-listed firms hit a record high of Rs 445.43 lakh crore on Wednesday, driven by a sharp rally in equities after Sensex breached the historic 80,000-mark for the first time ever.


"The big FII buying of Rs 5,484 crore on Wednesday is largely due to the massive delivery-based buying in banking stocks led by HDFC Bank. This delivery-based buying may sustain for a few more days imparting resilience to the market. The FIIs with 3.78 lakh long contracts have taken a 'U' turn in their market approach from the big short contracts in early June. A decline in the US 10-year bond yield to 4.35 per cent and the dollar index declining to 105.29 are positives for fund inflows," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.


Global update


In Asian markets, Tokyo and Seoul were trading in the positive territory on Thursday, while Shanghai and Hong Kong were quoting lower. US markets ended higher on Wednesday during the shortened trading session. The markets are closed on Thursday on account of Independence Day.


Foreign Institutional Investors (FIIs) bought equities worth Rs 5,483.63 crore on Wednesday, according to exchange data. Global oil benchmark Brent crude fell 0.60 per cent to $86.82 a barrel.


Rupee dips 5 paise


The rupee depreciated 5 paise to 83.54 against the US dollar in early trade on Thursday, weighed down by elevated crude oil prices. Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee and restricted the fall.


At the interbank foreign exchange market, the rupee opened at 83.52 and lost further ground to trade at 83.54 against the greenback in initial deals, registering a fall of 5 paise from its previous closing level. On Wednesday, the rupee settled 1 paisa lower at 83.49 against the US dollar.