Sensex, Nifty extend gains to scale fresh peaks on firm global cues

Equity markets hit record highs fueled by buying in major index stocks, with Sensex and Nifty climbing consistently.

Equity benchmark indices Sensex and Nifty marched higher to scale fresh lifetime closing peaks on Friday (August 30, 2024), tracking a largely firm trend in global markets and renewed foreign fund inflows.

Buying in index majors Bharti Airtel, ICICI Bank and Infosys also fuelled the rally in equities.

Rallying for the ninth straight session, the 30-share BSE Sensex climbed 231.16 points or 0.28% to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61% to hit a record intra-day peak of 82,637.03.

The NSE Nifty soared 83.95 points or 0.33% to hit a new lifetime closing high of 25,235.90, taking its victorious run to the 12th day in a row. During the day, it surged 116.4 points or 0.46% to hit a new record intra-day peak of 25,268.35.

Among the 30 Sensex firms, Bajaj Finance, Mahindra & Mahindra, NTPC, Power Grid, Bajaj Finserv, Bharti Airtel and Tata Consultancy Services were the biggest gainers.

In contrast, Tata Motors, HDFC Bank, Reliance Industries, Tech Mahindra and ITC were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled with gains.