Stock market today: The Sensex reached a new all-time high in early trading on Friday, driven by strong buying in IT stocks and a rally in global markets. The BSE Sensex rose by 119.38 points, hitting a record high of 85,955.50, while the NSE Nifty advanced 34.5 points to 26,250.55.
Among the 30 Sensex companies, Infosys, Tech Mahindra, HCL Technologies, Sun Pharma, Tata Consultancy Services, and Tata Steel emerged as the top gainers.Meanwhile, Power Grid, Larsen & Toubro, Bharti Airtel, and Mahindra & Mahindra were among the laggards.
Indian equity benchmark indices BSE Sensex and Nifty50 continued their upward momentum on Friday. The BSE Sensex rose slightly by 57.72 points or 0.07%, during pre-open, Nifty50 followed suit, gaining 32.20 points or 0.12%. Gains were also seen in other indices, with Nifty Next 50 and Nifty Midcap Select both rising 0.15%.
Top BSE Sensex gainers included Infosys, TCS, and Sun Pharma. Infosys gained 1.61% to Rs 1,930, followed by TCS, which saw a 1.21% rise to Rs 4,343.35, and Sun Pharma, which added 0.88% rising to Rs 1,915.20. Tata Steel and Tech Mahindra also witnessed gains, up by 0.85% and 0.84%, respectively.
Meanwhile, the top BSE Sensex losers were Reliance, UltraTech Cement, and Bajaj Finserv. Reliance remained nearly flat, dropping 0.02% to Rs 3,000, while UltraTech Cement and Bajaj Finserv saw marginal declines of 0.10% and 0.12%, respectively. Kotak Mahindra Bank, ITC, and Hindustan Unilever also posted small losses, all down 0.13%.
On Friday, Hong Kong’s Hang Seng index led the gains in Asian markets, surging over 2.5% during the session. Other indices in the region remained relatively flat, with Japan’s Nikkei 225 edging up 0.10%, Taiwan’s index increasing by 0.4%, and South Korea’s KOSPI dipping by 0.04%.
In the US markets on Thursday, modest gains were recorded, with the S&P 500 rising 0.40% and the Nasdaq climbing 0.60%. Meanwhile, in Europe, France’s CAC index saw a strong rally, gaining more than 2.2%.