Updated: June 11, 2021 4:55:00 pm
The benchmark equity indices on the BSE and National Stock Exchange (NSE) rose marginally to end at their record closing highs on Friday led by gains in the share prices of Reliance Industries, Infosys and Tata Consultancy Services (TCS).
The S&P BSE Sensex touched its lifetime intra-day high of 52,641.53 during the session and ended 174.29 points (0.33 per cent) higher at a record close of 52,474.76. Likewise, the Nifty 50 too rose its all-time intra-day peak of 15,835.55 before settling 61.60 points (0.39 per cent) to its lifetime peak of 15,799.35.
Dr Reddy’s Laboratories, Power Grid Corporation of India, TCS, HCL Technologies, Infy and RIL were the top gainers on the BSE benchmark.
On Thursday, Sensex had finished 358.83 points (0.69 per cent) higher at 52,300.47 and the broader Nifty had risen 102.40 points (0.65 per cent) to end at 15,737.75.
Among the sectoral indices on NSE, the Nifty Metal index was the top gainer of the day after rising 2.69 per cent led by the shares of Steel Authority of India, Tata Steel, Jindal Steel & Power and JSW Steel. The Nifty IT index rose 1.51 per cent aided by Larsen & Toubro Infotech and Oracle Financial Services Software. Nifty Pharma index also rose 1.05 per cent on Friday led by Aurobindo Pharma and Dr Reddy’s.
In the broader market, the S&P BSE MidCap index ended at 22,927.83, up 32.77 points (0.14 per cent), while the S&P BSE SmallCap settled at 25,116.30, up 100.41 points (0.40 per cent). The volatility index or India VIX slipped 5.99 per cent to 14.1025 on Friday.
“Tracking cues from positive global markets, Indian equities remained in the green zone in today’s session. U.S CPI data, released yesterday, eased inflation worries as the current surge is temporary and insufficient for the Fed to taper its bond-buying policy. Global sentiments were further boosted with European Central Bank raising its growth estimates and pledging its liquidity support,” said Vinod Nair, Head of Research at Geojit Financial Services.
Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising US consumer prices, even as fears of longer-term inflation lingered.
The Euro STOXX 600 added 0.3 per cent to hit a record high and was on course for a sixth straight day of gains. London shares gained 0.6 per cent, helped by a 1 per cent gain for the mining sector, while Paris climbed 0.4 per cent.
The MSCI world equity index, which tracks shares in 49 countries, gained 0.1 per cent. Wall Street futures were flat.
MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.4 per cent.
–global market input from Reuters
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