Share Market Update: Domestic benchmark indices BSE Sensex and NSE Nifty on Thursday ended at a record high for the sixth consecutive day. According to reports, 30-share Sensex zoomed 568.90 points or 0.94 per cent higher at 61,305.95.
The bull run of Sensex was driven by gains in index majors HDFC twins, ICICI Bank and ITC amid positive macro cues and upbeat global markets.
Likewise, the Nifty surged 176.80 points or 0.97 per cent to a new lifetime closing high of 18,338.55.
While ITC was the top gainer in the Sensex pack, rising around 3 per cent, followed by HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank and NTPC, firms such as TCS, HCL Tech, Bajaj Finance and Asian Paints were among the laggards.
Both the equity indices made gains during Thursday’s morning trade session.
“The Indian market sustained its upbeat mood supported by positive global market, favourable inflation data and upmove in IT stocks following strong earning scorecards by sector majors, Vinod Nair, Head of Research at Geojit Financial Services told news agency PTI.
Meanwhile, the wholesale price-based inflation eased to 10.66 per cent in September, helped by moderating food prices even as crude petroleum witnessed a spike. Retail inflation in September too slowed to a five-month low of 4.4 per cent on moderating food prices.
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