NIFTY Makes New High at 20,103; Sensex Ends Higher for the 10th Day In a Row

The Sensex ticked higher for the tenth straight session on Thursday, supported by fag-end buying in oil & gas, metal, and commodity stocks amid a generally firm trend in global equities. The NSE benchmark Nifty increased by over 33 points to close at a new lifetime high of 20,103.

The 30-share BSE Sensex increased 52.01 points or 0.08% to close at 67,519 after fluctuating between gains and losses throughout the session. It increased by 304.06 points or 0.45% throughout the trading period to reach its all-time intraday high of 67,771.05. The Nifty increased by 33.10 points, or 0.16%, to close at 20,103.10, the highest point ever. It increased by 97.65 points or 0.48% throughout the day to hit its highest intraday peak ever of 20,167.65.

The Sensex’s biggest gainer was Mahindra & Mahindra, which increased 2.56%. Tata Steel, Tech Mahindra, Nestle, Power Grid, Infosys, HCL Technologies, Axis Bank, UltraTech Cement, and L&T were the next biggest gainers. Asian Paints, ITC, Bharti Airtel, Bajaj Finserv, and Tata Motors, on the other hand, were among the laggards. Seoul, Shanghai, and Hong Kong all saw positive closing prices in Asian markets.

The majority of European stocks were trading in the green. On Wednesday, the US stock markets came to a mixed conclusion. At (-) 0.52% in August, wholesale price-based inflation remained negative for the fifth consecutive month, but the cost of food and fuel increased. To reach USD 92.39 per barrel, benchmark Brent crude prices increased by 0.56%.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,631.63 crore on Wednesday, according to exchange data. The BSE benchmark had settled at 67,466.99, up 245.86 points or 0.37% on Wednesday. The broader Nifty ended above the 20,000 mark for the first time, rallying 76.80 points or 0.38% to 20,070, its all-time closing high.