New Delhi: The equity index opened at a record high on Wednesday with BSE Sensex trading benchmarks above 54,000 marks for the first time led by an increase in banking shares.
The 30-sharing sensex package jumped 601 points or 1.12 percent to 54,425 in the initial trade; While the wider NSE moved 154 points or 0.95 percent higher to 16,285.
The top cross in the BSE index includes Tata Steel, HDFC Twins (HDFC and HDFC Bank), Infosys, Dr.
Reddy’s and Reliance Industries with their shares up 2.33 percent.
On the NSE platform, the nifty metal and media sub-index jumped as much as 1.56 percent.
“Sentiment in the Indian market remains positive with an increase in the GST collection and the manufacturing sector to get encouragement and post the strongest growth rate in July in the midst of easing restriction of Covid-19,” Gaurav Garg, Head of Research, Capitalvia Global Research Ltd.
told PTI news agency.
Read Alsosensex, Nifty Hit Record The highest print: Five factors behind the surgical index surged to record the highest on Tuesday with BSE Sensex benchmarks jumped more than 850 points led by profits in it, consumers and finance.
Rallying for the second consecutive session, the 30-share BSE index jumped 837 points or 1.65 percent to close at the peak of a new recording of 53,823; The global fronton, Asian stocks advanced to one week highs, leading most of the company’s strong company’s revenue, although the mood remained cautious because the Delta variant spread quickly from global economic clouds.
Analysts, however, warned about the increase in Delta infection against Coronavirus in Asia, with Chinese media reports 31 provincial areas have warned residents of unnecessary trips in the light of the previous outbreak.
Investors expect volatility to increase in August because more companies report income.
(With input from agency)