Sensex hits new all-time high; Nifty breaches 23,000-mark for first time
The Hindu
Sensex and Nifty hit all-time highs amid investor optimism ahead of Lok Sabha polls results and foreign fund inflows.
Benchmark equity indices Sensex and Nifty hit their fresh all-time peaks in early trade on Friday, May 24, 2024, amid buoyant investors' sentiment days ahead of the results of the Lok Sabha polls announcement and fresh foreign fund inflows.
The 30-share BSE Sensex climbed 164.24 points to hit its all-time high of 75,582.28 in early trade. The NSE Nifty went up by 36.4 points to breach the 23,000 mark for the first time ever. It hit its lifetime peak of 23,004.05.
From the Sensex firms, Bajaj Finance, Larsen & Toubro, Tata Steel, State Bank of India, HDFC Bank and Bharti Airtel were the major gainers.
Mahindra & Mahindra, Tata Consultancy Services, Maruti and JSW Steel were among the laggards.
Foreign Institutional Investors (FIIs) turned buyers on Thursday after days of offloading equities. They bought equities worth ₹4,670.95 crore on Thursday, according to exchange data.
The results of the ongoing general elections will be declared on June 4.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
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