INSUBCONTINENT EXCLUSIVE:
NEW DELHI: It was a terrific Thursday for stock market as the BSE benchmark Sensex scaled all-time high of 36,699.53 and Nifty50 topped the
psychologically important level of 11,000 on buying in oil gas, bank, financial and FMCG amid firm Asian cues.
Equity benchmarks extended
gains to a fifth consecutive session on strong buying in heavyweights such as Reliance Industries, HDFC twins and Hindustan
Unilever.
Optimism over healthy corporate earnings, a fall in global crude oil prices and recovering Indian rupee hemmed up together to keep
the market in the higher terrain.
Investors embarked on a buying spree ahead of the release of industrial growth (IIP) data for May and
retail inflation (CPI) data for June, scheduled for later in the day.
Moreover, market participants cheered the World Bank's report that
pegged India as the world's sixth-biggest economy, ahead of France.
The Sensex closed at a record peak of 36,548, up by 282 points, or
As many as 17 stocks remained in the green in the index, compared with 14 stocks that settled in the red.
The Nifty finished day's trading
at 11,023, up by 75 points, or 0.68 per cent, with 28 stocks advancing and 22 stocks declining.
Reliance Industries, Wipro and Larsen
Toubro emerged as the top gainers in the Sensex kitty.
On the other hand, Vedanta, Infosys, Bajaj Auto and Mahindra Mahindra ended as the
surpassing France, triggered upbeat start which further strengthened with favourable cues from global counterparts
said Jayant Manglik, President, Religare Broking.
Reliance Industries hogged the limelight as it reclaimed the coveted $100 billion m-cap on
After hitting a fresh 52-week highs level of Rs 1,098.80, the stock closed at Rs 1,082.20, up by 4.42 per cent.
Oil marketing firms BPCL,
HPCL, Indian Oil Corporation and ONGC pocketed gains amid softening crude oil prices.
BSE Energy, rising over 3 per cent, topped among the
sectoral indices.
However, BSE Realty declined over 1 per cent, emerging as the top loser among the sectoral indices.
Global stocks were
All major European markets were in the green.
Asian Shanghai SE Composite Index surged over 2 per cent, while Nikkei 225 and Hang Seng
climbed up to 1 per cent.
