Indian equity benchmarks reached new all-time highs on Friday with the BSE benchmark index – S&P BSE Sensex – crossing 60,000 for the first time while Nifty surged above its psychological level of 17,900 led by Infosys, HDFC Bank, Tata Consultancy Services, ICICI Bank, HCL Technologies, and Larsen & Toubro amid positive global cues.
The Sensex increased by as much as 427 points to hit a record high of 60,312.51 while the Nifty 50 index reached an all-time high of 17,947.
At 10:15 am, the BSE S&P Sensex was up by 243 points or 0.41 percent at 60,128 while the Nifty 50 gained by 65 points or 0.37 percent to 17,888. Sectoral indices were mixed with Nifty IT gaining by 2.2 percent and realty by 1.4 percent.
As per the report, the strong gains in IT and banking counters led equity benchmark indices to record new highs during early hours on Friday.
Market analysts said domestic sentiments are buoyant as demand is coming back to normalcy faster than expected.
Among stocks, HCL Technologies surged 3.4 percent to Rs 1,373 per share while Wipro moved up 2.3 percent and Infosys by 2.1 percent.
The other prominent winners were Asian Paints, Grasim, Bharti Airtel, Nestle India, and Britannia. However, metal stocks like JSW Steel, Tata Steel, and Hindalco traded with a negative bias on profit booking.
Meanwhile, Asian shares were mixed. Japan’s Nikkei was up 2.03 percent on easing woes over the Evergrande crisis spilling beyond China. Hong Kong shares and South Korea’s Kospi were at near-flat levels.