New Delhi: The equity index surged in opening trading on Friday with BSE Sensex benchmarks violating 58,000 marks led by profits in the Reliance Industries index, Bank Box and ICICI Bank amid positive trends and foreign funds.
The 30-share BSE index traded 230 points or 0.4 percent at a new lifetime high 58,082; While NSE wider rose 54 points or 0.3 percent at 17,288.
The top players in the sensex package including Titan, Reliance, Bank Box, SBI and L & T with their shares rose by 1.98 percent.
While HCL Tech, Hul, TCS, M & M, Tech Mahindra and M & M are the main losers down to 1.12 percent.
On the NSE platform, the Nifty Psu Bank sub-index, realty, banks and financial services rose by 1.98 percent.
Reliance Industries Ltd and Eicher Motors Ltd.
is one of the top players on Nifty 50, each of which earned 1.2 percent and 2.4 percent.
HDFC Life Insurance Shares Co.
Ltd.
fell by 4.2 percent after the company said he would buy a life insurance unit battery maker Exide Industries Ltd.
for Rs 6,687 Crore ($ 915.02 million), while the industrial exide surged almost 10 percent.
The sharp recovery on the market in the past few days was mainly associated with a revival in the FIIS stream after Dovish comments from the Fed Chairperson of the Jackson Hole Symposium last week and sustainable domestically, Binod Modi Head-Strategy to the Reliance Securities to the PTI news agency.
“High frequency major economic indicators for August 202, in the form of GST collection, train delivery, automatic sales volume despite semiconductor problems, power consumption, import export data and fuel volume indicate a sustainable economic recovery in yoy comparison,” he added.
The market capitalization of companies registered in BSE jumped to highs of all time RS 252.68 lakh crore on Thursday because the index was closed at the fresh peak.
Investors have risen around Rs 2,53,612.77 Crore.
In the previous session, the 30-Share BSE Sensex jumped 514.33 points or 0.90 percent to close at 57,852.54, a high lifetime.
During the day, he has reduced 554.16 points to 57,892.37.
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.
(With input from agency)