Indices log record closing peaks for 4th day; Sensex up 224 pts at 46,890

Photo: Kamlesh Pednekar

Photo: Kamlesh Pednekar

Bulls remained in the driver’s seat at the bourses on Thursday as investors lapped up blue-chip stocks. Heavyweights like HDFC, Bajaj Finance, HDFC Bank, and Reliance ended between 0.5 per cent and 3 per cent higher on the S&P and remained the top contributors towards the index’s rally. 

At the index level, the benchmark S&P settled at fresh closing peak of 46,890, adding 224 points or 0.48 per cent. In the intra-day deals, the index neaely kissed the 47,000-mark and hit a lifetime high of 46,992.

The broader Nifty50 index, on the other hand, surged 58 points, or 0.42 per cent, to end at 13,741 levels. It hit a record high of 13,773 during the day.

Sectoral trend remained mixed at the bourses. Nifty PSU Bank and Metal indices ended the day on the in the red, down 1.4 per cent and 1.3 per cent, respectively. On the upside, Nifty Financial Services index settled as the top sectoral gainer. 

The broader markets, however, erased their gains and settled the day in the red. The S&P MidCap index, after hitting a fresh 52-week high of 18,107, closed at 17,864, down 0.13 per cent. The S&P BSE SmallCap index, meanwhile, closed at 17,811, down 0.23 per cent.

Global markets

Asian stocks scaled record heights while the dollar plumbed two-year lows and oil prices hit their strongest since March on Thursday, as monetary support and the hope of fiscal stimulus in the United States put traders in a festive mood.

MSCI’s broadest index of Asia-Pacific shares outside Japan hit record-high, and ended 0.4 per cent higher. Japan’s Nikkei, meanwhile, settled 0.18 per cent to sit just shy of a 29-year peak.

In Europe, shares remained at 10-month highs as potential Covid-19 vaccine rollouts in Europe strengthened the case for a global economic recovery. Germany’s DAX climbed 1 per cent to hit its highest since February, while the pan-European STOXX 600 index rose 0.5 per cent, both extending gains to a fourth straight session.

(With inputs from Reuters)

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