Share Market Today: Sensex, Nifty Hit Fresh All-Time Highs. Bajaj Fisnerv Rise 4 Per Cent
Share market today: On the 30-share Sensex platform, Bajaj twins, HCLTech, ITC, UltraCemco, TechM, HUL emerged gainers. M&M, Tata Motors, NTPC, Airtel, ICICI Bank, Titan were among the losers
Share market today: The two key equity benchmark indices, Sensex and Nifty, on Monday opened in the green and hit their new all-time highs tracking foreign fund inflows and rally in the US markets. At 10.35 am, the BSE Sensex jumped 261 points to 82,626. On the other hand, the NSE Nifty50 was trading at 25,303, rising 67 points.
Stock update
On the 30-share Sensex platform, Bajaj Fisnerv up 4 per cent. Bajaj Finance, HCLTech, ITC, UltraCemco, TechM, HUL were also emerged gainers. On the down side, M&M, Tata Motors, NTPC, Airtel, ICICI Bank, Titan were among the losers.
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.
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"The market has entered a zone of steady but mild up-move caused by the accumulation of quality largecaps. FIIs turning buyers last week mainly due to some large bulk deals also has improved sentiments in the market," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global update
In Asian markets, Seoul traded in the positive territory while Tokyo, Shanghai and Hong Kong quoted lower. The US markets ended higher on Friday. Japan's Nikkei 225 was up 0.94 per cent, crossing the 39,000 mark for the first time since July 31, while the broad based Topix was 0.49 per cent higher.
Foreign Institutional Investors (FIIs) bought equities worth Rs 5,318.14 crore on Friday, according to exchange data.
Global oil benchmark Brent crude declined 0.82 per cent to $76.30 a barrel.
Rupee dips 3 paise
Rupee declined 3 paise to hit 83.88 against the US dollar in early trade on Monday amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in early trade.
At the interbank foreign exchange market, the local unit opened 2 paise lower at 83.87 against the American currency and inched up to touch Friday's closing rate of 83.85 before slipping again.
Currency traders are awaiting the PMI manufacturing data set to be released later in the day. The rupee rose 4 paise on Friday to close at 83.85 against the US currency.
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