Sensex closes all-time high at 38,340.69, Nifty settles at new peak of 11,551.75 points
Breaching the 11,550 mark for the first time today, Nifty closed at a fresh record high along with Sensex closed at an all-time high at 38,340.69 riding on hectic buying in L&T, Tata Motors, ONGC and HDFC Ltd amid positive leads from global markets.
Breaching the 11,550 mark for the first time today, Nifty closed at a fresh record high along with Sensex closed at an all time high at 38,340.69 riding on hectic buying in L&T, Tata Motors, ONGC and HDFC Ltd amid positive leads from global markets.
Extending its winning run for the second day, the 30-share Sensex scaled an all-time high (intra-day) 38,340.69, breaching its previous high of 38,076.23, clocked on August 9. Finally, it closed at a fresh high of 38,278.75, surging 330.87 points, or 0.87 per cent, its biggest single session gain since August 3 when it had rallied 391 points. It bettered previous record closing of 38,024.37 reached on August 9.
The index had risen by 284.32 points in the previous session on Friday.
The broader 50-share NSE Nifty also maintained its bull run and went past the 11,500-mark for the first time to touch a new peak of 11,565.30 (intra-day) before settling higher by 81 points, or 0.71 per cent, at a new closing peak of 11,551.75, beating its previous record closing of 11,470.75, recorded in the previous session on August 17. It also broke the previous intra-day record of 11,495.20 hit on August 9.
Sentiments were upbeat on global developments over US-China trade talks due this week, while the rupee rebounding from its historic low of 70.40 against the dollar to 69.60 (intra-day) also supported the key indices and falling crude prices in global markets.
Investors were seen widening their portfolios, triggered by positive global cues, fuelled by hopes for an easing of the trade row between China and the US, brokers said.
Watch this Zee Business video here:
Pumping of fresh funds by foreign portfolio investors (FPIs) also supported the rally that lifted both key indices to new highs.
Domestic institutional investors (DIIs) bought shares worth a net of Rs 151.89 crore, while foreign portfolio investors (FPIs) bought shares worth a net of Rs 147.31 crore on Friday, provisional data showed.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
04:59 PM IST