Sensex, Nifty hit fresh closing highs amid gains in financial, realty stocks – Times of India

NEW DELHI: Equity indices finished at record closing highs on Thursday with benchmark BSE sensex rising over 350 points led by gains in financial and realty stocks, amid positive cues from global markets.
The 30-share BSE index rose 383 points or 0.74 per cent higher to hit record closing of 52,232; while the broader NSE Nifty moved 110 points or 0.7 per cent to settle at fresh peak of 15,686.
Titan, ONGC, L&T, Axis Bank, Kotak Bank and Bajaj Finance were the top gainers in the sensex pack rising as much as 6.88 per cent.
While IndusInd Bank, Dr Reddy, Bajaj Auto, HCL Tech and PowerGrid were the major losers falling up to 2.19 per cent.
On the NSE platform, sub-indices Nifty Realty, Media and Financial Services rising as much as 3.79 per cent.
“The market has rejuvenated after two days of subdued trading and it is also taking cues from overnight gains seen in the US markets,” Anand James, chief market strategist at Geojit Financial Services told news agency Reuters.
Wall Street’s main indexes closed higher on Wednesday, ahead of US payrolls data later this week, while broader Asian markets on Thursday were trading a touch below a three-month high hit recently.
On the domestic front, investors also eyed the Reserve Bank of India’s meeting on Friday where it is expected to keep its key rate at a record low but reaffirm its commitment to provide adequate liquidity as the country grapples with a deadly second wave of the Covid-19 pandemic.
The country continued to see a decline in daily Covid-19 cases, with data from the health ministry showing 134,154 fresh infections in the last 24 hours. Its total tally of cases now stands at 28.4 million.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth 921.10 crore on Wednesday, as per provisional exchange data.
(With inputs from agencies)