Share Market Today: Market At All-Time High; Sensex Surges Past 82,550. Nifty Approaches 25,300

Share Market Today: On the 30-share Sensex platform, Bajaj Finserv was the lead gainer, rising 3.23 per cent. Bajaj Finance, HCLTech, ITC, IndusInd Bank, Axis Bank emerged gainers

Share Market Today: The two key equity benchmarks, Sensex and Nifty, on Monday hit their fresh all-time closing highs, tracking foreign fund inflows and a rally in the US markets. The BSE Sensex gained 194 points to end at 82,560. The index hit an all-time high of 82,725 during intra-day trade. On the other hand, NSE Nifty50 ended higher at 25,279, rising 43 points. The index hit an all-time high of 25,334 during intra-day trade.

Stock update

On the 30-share Sensex platform, Bajaj Finserv was the lead gainer, rising 3.23 per cent. Bajaj Finance, HCLTech, ITC, IndusInd Bank, Axis Bank emerged gainers. On the down side, NTPC, Tata Motors, M&M, Airtel, PowerGrid, L&T were among the losers.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 closed lower by 0.23 per cent and 0.33 per cent, respectively.

Sectoral update

Sectorally, IT, Banking, FMCG, and Financial Services closed in the green, while Metal, Pharma, Auto, Media, and Healthcare settled lower.

In the previous session on Friday, the BSE Sensex gained 231 points to end at 82,366, while the NSE Nifty50 ended at new lifetime high of 25,235, up 84 points.

"The market has entered a zone of steady but mild up-move caused by the accumulation of quality large-caps. FIIs turning buyers last week mainly due to some large bulk deals also has improved sentiments in the market," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global update

In Asian markets, Seoul and Tokyo settled in the positive territory, while Shanghai and Hong Kong ended lower. European markets were trading in the negative territory. The US markets ended higher on Friday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 5,318.14 crore on Friday, according to exchange data.

Global oil benchmark Brent crude climbed 0.14 per cent to $77.04 a barrel.

Rupee slips 7 paise

The rupee declined 7 paise to close at 83.92 (provisional) against the greenback on Monday on disappointing domestic macroeconomic data. However, positive domestic markets, wherein both the benchmark indices scaled lifetime high levels and foreign fund inflows cushioned the downside.

Moreover, easing crude oil prices and weakness of the American currency in the overseas market supported the local unit and restricted further slide.

At the interbank foreign exchange market, the local unit opened 2 paise lower at 83.87 against the American currency. It rose to the intra-day high of 83.85 but pared gains and slipped to the day's low of 83.93 before settling at 83.92 (provisional) against the US dollar, registering a decline of 7 paise over its previous close.