Benchmark equity indices continued their record-breaking rally on Tuesday, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty climbing to its fresh new record peak.
The 30-share BSE Sensex climbed 381.78 points to reach its all-time peak of 75,124.28. The NSE Nifty advanced 99 points to hit its record peak of 22,765.30.
The market capitalisation, or the total value of all listed shares, of the BSE-listed firms stood at 401.82 lakh crore on Tuesday morning. The combined market capitalisation of BSE companies crossed the Rs 400 lakh crore mark to touch Rs 400.86 lakh crore on Monday. It took 9 months for these firms to add Rs 100 lakh crore of market capitalisation. The BSE m-cap had crossed Rs 300 lakh crore in July 2023.
On Monday, the US stocks ended nearly flat as investors looked ahead to the release of key inflation reports later this week for more clarity about when the US Fed may start cutting rates as economic growth remains strong. Investors also awaited the kick-off of the first-quarter earnings season.
From the Sensex basket, Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Tata Motors, Wipro, ICICI Bank and Nestle were the major gainers.
JSW Steel, Kotak Mahindra Bank, Reliance Industries and Larsen & Toubro were among the laggards. In Asian markets, Tokyo and Hong Kong were trading in the positive territory while Seoul and Shanghai quoted lower.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 684.68 crore on Monday, according to exchange data. Global oil benchmark Brent crude climbed 0.19 per cent to USD 90.55 a barrel.
The BSE benchmark jumped 494.28 points or 0.67 per cent to settle at a new closing peak of 74,742.50 on Monday. The NSE Nifty climbed 152.60 points or 0.68 per cent to 22,666.30.
