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Sensex hits 63,000 mark for first time, Nifty closes on new all-time record

Indian indices closed higher for the seventh consecutive session.


Benchmark BSE Sensex settled above the 63,000 level for the first time today, extending its winning momentum into day seven amid a largely positive trend in global markets and continued inflows of foreign funds.

The 30-stock barometer gained 417.81 points or 0.67 percent to 63,099.65, closing the new all-time high. During the day, the benchmark rose 621.17 points, or 0.99 percent, to 63,303.01, its lifetime intra-day peak.

The broader NSE Nifty rose 140.30 points, or 0.75 percent, to finish at 18,758.35, the new record closing high.

Among the Sensex package, Mahindra & Mahindra, UltraTech Cement, Power Grid, Hindustan Unilever, Bharti Airtel, Asian Paints, Tata Steel and Titan were big winners.

IndusInd Bank, State Bank of India, HCL Technologies and ITC were among the laggards.

“The domestic market continued its search for profits, boosted by FIIs inflows. However, markets will be sensitive to the Fed Chair’s comments later today as investors expect a moderation in the pace of rate hikes. line commentary will help sustain the rally while easing COVID-19 restrictions in China provides relief for global markets,” said Vinod Nair, Head of Research at Geojit Financial Services.

Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended higher, while Tokyo ended lower.

Stock markets in Europe were trading higher in afternoon trading. Wall Street had ended Tuesday with mixed feelings.

International oil benchmark Brent crude was up 1.83 percent at USD 84.55 per barrel.

Foreign institutional investors (FIIs) bought shares worth Rs 1,241.57 crore on Tuesday, according to stock market data.

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