New Delhi: Market scaled to record the highest on Friday with BSE Sensex benchmark closed more than 58,000 marks for the first time led by metal hikes and car stocks.
After increasing the intra-day height of 58.195, the 30-Share BSE index jumped 277 points or 0.48 percent to complete at a record high of 58.130.
While the wider NSE settled 89 points or 0.52 percent higher at a fresh peak of 17,324.
Reliance is the top enhancer in the sensex package up above 4 percent followed by Titan, Tata Steel, Bajaj Auto, Maruti and Dr.
Reddy.
While Hul, Bharti Airtel, HDFC Bank, HDFC, Indusind Bank and Axis Bank are the main losers down to 1.18 percent.
On the NSE platform, sub-index of oil and gas, media, automatic, and metal rose as much as 2.48 percent.
“Sentiment looks positive and the market is set to continue or at least hold this week’s increase as far as the company’s equity in Asia and an overnight increase in the United States, even though the market might be careful in the second round ahead of US employment data,” Anand James, Head of Market Strategy At Geojit Financial Services told the Reuters news agency.
The domestic market, after surpassing Asian colleagues this year, has enjoyed a record high of abundant liquidity and positive global cues, along with the Dovish Fed’s attitude.
Nifty has reached a record high of 47 times and Sensex 38 times this year, according to the EIKON refinitiv data.
Investors are also waiting for US jobs data to ensure the speed and time of purchase of Federal Reserve assets.
Meanwhile, foreign institutional investors (FIIS) are clean buyers in the capital market because they buy shares worth RS 348.52 Crore on Thursday, according to temporary exchange data.