Nifty gains marginally to hit lifetime high

Nifty hits lifetime high, Sensex gains on IT stocks, foreign fund inflows, and lower oil prices, global markets positive.

Equity benchmark Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday (August 28, 2024), helped by buying in IT stocks amid a largely positive global market.

Recent foreign fund inflows and lower global crude oil prices also strengthened investor sentiments, traders said.

Rising for the tenth straight session, the NSE Nifty went up by 34.60 points or 0.14% to settle at a new closing high of 25,052.35. The benchmark surged 111.85 points or 0.44% to hit a fresh intra-day all-time peak of 25,129.60.

Extending its winning run to the seventh day in a row, the 30-share BSE Sensex climbed 73.80 points or 0.09% to settle at 81,785.56. During the day, it jumped 327.5 points or 0.40% to 82,039.26.

Among the 30 Sensex firms, Bharti Airtel, Infosys, IndusInd Bank, Sun Pharma, Tech Mahindra, Mahindra & Mahindra, Bajaj Finance and JSW Steel were the biggest gainers.

Asian Paints, Maruti, Nestle, Kotak Mahindra Bank, Axis Bank and UltraTech Cement were among the laggards.

In Asian markets, Seoul and Tokyo settled higher while Shanghai and Hong Kong ended lower.