Sensex and Nifty set a new record for the eighth consecutive day on the market

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During trading, the Sensex was once up by 483.42 points to a high of 63,583.07 points. Similarly, NSE’s Nifty index also created a new record. The Nifty closed at 18,812.50, up 54.15 points or 0.29 percent.

Mumbai Buoyed by global trends and the support of foreign investors, the rally in domestic equity markets continued for an eighth consecutive day, with both major indices closing at new all-time highs on Thursday. BSE’s 30-stock benchmark index Sensex climbed 184.54 points, or 0.29 percent, to 63,284.19 points, which is the new all-time high. During trading, the Sensex was once up by 483.42 points to a high of 63,583.07 points. Similarly, NSE’s index Nifty also created a new record. The Nifty closed at 18,812.50, up 54.15 points or 0.29 percent.

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Among Sensex components, UltraTech Cement, Tata Steel, TCS, Tech Mahindra, Wipro, Infosys, HCL Technologies and Larsen & Toubro made gains. While ICICI Bank, Mahindra & Mahindra, PowerGrid and Kotak Mahindra Bank were among the losers. In other Asian markets, the major indices in Seoul, Tokyo, Shanghai and Hong Kong all finished with gains. European markets were also mostly positive in the afternoon session. The US stock markets also closed with a profit on Wednesday.

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UK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said Federal Reserve Chief Jerome Powell’s statement that the pace of rate hikes is slowing could be the reason for driving the market to new highs. International oil benchmark Brent crude traded 0.40 percent lower at $87.32 a barrel. Meanwhile, Foreign Institutional Investors (FIIs) continued to invest in Indian markets. As per the available data, FIIs made net purchases of Rs 9,010.41 crore on Wednesday.

disclaimer:Prabhasakshi did not edit this news. This news was published from the PTI language feed.