Sensex, Nifty hit fresh record high levels.
Benchmark equity indices Sensex and Nifty reached new all-time highs during morning trading on Wednesday, propelled by gains in blue-chip stocks and foreign fund inflows.
The benchmark equity indices, Sensex and Nifty, reached new record highs during Wednesday morning trading, buoyed by buying in blue-chip stocks such as HDFC Bank and ICICI Bank, along with fresh inflows from foreign investors.
After recovering from early losses, the 30-share BSE Sensex surged 230.66 points, hitting an all-time peak of 83,310.32. Meanwhile, the NSE Nifty rose 60.05 points to a fresh lifetime high of 25,478.60. Among the 30 Sensex constituents, the biggest gainers included Bajaj Finance, Larsen & Toubro, HDFC Bank, Mahindra & Mahindra, Bajaj Finserv, Nestle, ITC, and ICICI Bank. In contrast, Tech Mahindra, Infosys, Tata Consultancy Services, and HCL Technologies lagged behind.
Asian markets saw gains in Tokyo and Shanghai, while US markets closed mixed on Tuesday.
"The anticipation surrounding the Fed's rate decision tonight is evident in the cautious mood across global markets. Perhaps more crucial than the Fed's actions will be their commentary and the overall message," noted V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Foreign Institutional Investors (FIIs) turned net buyers on Tuesday, purchasing equities worth Rs 482.69 crore, according to exchange data.
Additionally, global oil benchmark Brent crude fell 0.71 percent to USD 73.18 a barrel. Continuing its record-setting trend, the BSE benchmark gained 90.88 points, or 0.11 percent, to close at a lifetime high of 83,079.66, while the Nifty increased by 34.80 points, or 0.14 percent, to settle at an all-time peak of 25,418.55.
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