Sensex, Nifty hit all-time high levels in early trade
The Hindu
The Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data
Benchmark equity indices rebounded in early trade on Thursday, July 13, with the Sensex and Nifty scaling their all-time high levels following a rally in global markets amid moderating US CPI inflation data.
Buying in market heavyweight Tata Consultancy Services also helped markets to trade in the positive territory.
The 30-share BSE Sensex climbed 391.48 points to 65,785.38 in early trade. The NSE Nifty went up by 111.3 points to 19,495.60.
Later, both the benchmark indices hit their respective all-time high levels. The Sensex hit its lifetime high of 65,943.57 and the Nifty reached all-time peak of 19,540.25.
From the Sensex pack, Tata Steel, Tata Consultancy Services, Mahindra & Mahindra, Infosys, JSW Steel, Kotak Mahindra Bank, State Bank of India and HDFC Bank were among the major gainers.
TCS quoted 1.62% higher a day after announcing its June quarter earnings.
The country's largest IT services company on Wednesday, July 12, reported 16.83% increase in June quarter net profit to ₹11,074 crore but sounded circumspect about growth prospects for the fiscal due to market uncertainties.
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Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.