SENSEX, NIFTY hit new all-time closing high levels on strong foreign fund inflows

Domestic equity indices SENSEX and NIFTY scaled their new record closing high levels on Monday, helped by strong foreign fund inflows and a largely firm trend in Asian markets.

Rallying for the third day running, the 30-share BSE SENSEX jumped 384.30 points, or 0.45%, to settle at an all-time high of 84,928.61. During the day, it soared 436.22 points, or 0.51%, to hit a fresh lifetime intra-day peak of 84,980.53.

The NSE NIFTY rose 148.10 points, or 0.57%, to close at a record peak of 25,939.05. During the day, it zoomed 165.05 points, or 0.63%, to reach a new intra-day all-time high of 25,956.

ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹14,064.05 crore on Friday, according to exchange data.

In Asian markets, Seoul and Shanghai settled higher while Hong Kong ended lower. Markets in Japan were closed on Monday for a holiday.

European markets were trading mixed. The US markets ended on a mixed note on Friday.

Global oil benchmark Brent crude climbed 0.09 per cent to USD 74.55 a barrel.

The BSE benchmark jumped 1,359.51 points, or 1.63%, to settle at an all-time high of 84,544.31 on Friday. During the day, it soared 1,509.66 points, or 1.81 %, to hit the momentous intra-day peak of 84,694.46.

The NSE NIFTY also surged 375.15 points, or 1.48%, to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points, or 1.70%, to reach an all-time intra-day peak of 25,849.25.