Mumbai: Equity Benchmark Sensex rose more than 350 points in opening trading on Thursday to cross 61,000 marks for the first time, driven by an increase in the infosys heavyweight index, HDFC Bank and Reliance Industries amid a positive trend in the global market.
After touching the record 61,159.48 in the opening session, the 30-share sensex traded 356.73 points or 0.59 percent higher at 61,093.78.
Similarly, Nifty jumped 119.75 points or 0.66 percent to a new intra-day record of 18.281.50.
L & T is the top enhancer in the sensex package, up about 2 percent, followed by Infosys, SBI, NTPC, HDFC Bank, Maruti, ITC and Titan.
On the other hand, HCL Tech, TCS, M & M, Indusind Bank and Bajaj Finance are among slow.
In the previous session, the 30-stock index set 452.74 points or 0.75 percent higher at 60,737.05, took his victory on the fifth consecutive day, and Nifty rose 169.80 points or 0.94 percent to 18,161.75 .
Foreign institutional investors (FIIS) are clean buyers in the capital market, because they buy shares worth RS 937.31 Crore on Wednesday, according to data exchange.
“Strong results from Infosys, Wipro and Mindtree show that the disappointing results of the market from TCS are one time.
Although high friction is a challenge for this sector, a strong victory agreement and strong demand is a positive thing,” VK Vijayakumar said.
Investment strategy in Geojit Financial Services.
It is likely to continue its leadership position because the prospect of this sector looks bright for the following years behind the acceleration of digitization by business globally, he said, adding that the strong performance of HDFC Bank shows that good Q2 results and major banks join bull rally.
Globally, the US FOMC minutes showed that it was tapering in the course, maybe starting in November and ended in mid 2022.
It is a known event, therefore, tends to be a previous discount actual announcement, he said.
“Because there are no triggers known for sharp correction in the short term and the market momentum continues to be strong, vibrant retail investment or tend to drive the market further even though experienced investors are worried about excessive judgment,” he added.
Elsewhere in Asia, Burun in Shanghai, Seoul and Tokyo traded with strong profits in the middle agreement.
The stock market on Wall Street also ended positive notes in the overnight session.