Bulls, FIIs Drive Indian Indices to New High, Nifty Tops 19,100 Mark

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Bulls, FIIs Drive Indian Indices to New High, Nifty Tops 19,100 Mark
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Indian equity benchmark indices extended their rally and hit fresh record peaks for the second consecutive session on Friday on the back of strong support provided by foreign investors (FIIs) as well as tracking positive sentiments in the overnight session on Wall Street.

The benchmark index Nifty50 scaled a new all-time high on Friday, surpassing the 19,100 mark at 19,160.1 points, while the 30-scrip Sensex also hit a new peak of 64,593.95 points in the session.

The two headlines continued to record fresh peaks for the second straight session on Friday, with Nifty jumping from 18,908 points and Sensex from 63,716 points in the previous trading session on Wednesday.

Read Also: Nifty, Sensex Hit New Life Peaks, Nifty Cracks Past 18,900 Mark, Metals Shine

At 2:35 pm, Nifty surged 1% to 19,158.55 levels and Sensex jumped 686.67 or 1.07%. The market fear barometer India VIX traded 0.9% lower at 10.79 levels while writing.

All sectoral indices listed under the Nifty umbrella traded in the green in the last hour of the session, led by a strong over 2% jump in Nifty IT and Nifty Auto , while Nifty Bank gained 1%.

Gains on the Nifty pack were led by M&M (NS: MAHM ), Infosys (NS: INFY ), IndusInd Bank (NS: INBK ), Bajaj Auto (NS: BAJA ), Hero Moto and Maruti (NS: MRTI ), while the Adani heavyweight Adani Ports (NS: APSE ) declined the most on the benchmark index.

Further, the market capitalization of all the BSE-listed firms have hit a new record high of Rs 295.72 lakh crore on June 30, 2023.

Continue Reading: M-Cap of BSE Stocks Records Another All-Time High As Benchmarks Rally

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  • Rakesh Prasad @Rakesh Prasad
    20000 next stop.
    Like 0
  • Manjunath M M @Manjunath M M
    huge fall in next trading session surely
    Like 7

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