New Delhi: The equity index surged to record the highest on Thursday with BSE Sensex benchmarks up more than 250 points led by profits in realty and its stock.
The 30-share BSE index jumped 255 points or 0.48 percent to close at a fresh peak of 53,159; While the wider NSE settled 70 points or 0.44 percent at a record 15,924.
HCL Tech, L & T, Tech Mahindra, HDFC Bank, ITC, Ultracemco and Tata Steel are the top enhancers in the sensex package up as much as 5.1 percent.
On the other hand, Bharti Airtel, M & M, Titan, Asia Cat, NTPC and Sun Pharma fell up to 0.92 percent.
On the NSE platform, the nifty realty sub-index, it, bank and private banks rose by 4.2 percent.
According to experts, the market drives an increase in technology shares after the main infosity increases the prospect of its annual income.
The results of the Infosys and Consultancy services, with a solid view, good for the industry and can invite further investment, V K Vijayakumar, chairman of investment strategist in Geojit’s financial services to the Reuters news agency.
“This market foot remains strong.
However, nifty is likely to face resistance around 15,900 because foreign institutional investors are sellers who are consistent at a higher level,” he added.
Meanwhile, foreign institutional investors (FIIS) are clean sellers in the capital market because they lowered the shares worth 1,303.95 crore on Wednesday, according to temporary exchange data.
In addition, global support for the market also comes from US Fed’s headfire Jerome Powell that interest rates will remain close to zero to “inflation running continuously and material”.
(With input from agency)