MARKET CLOSING: In a groundbreaking move, the benchmark equity indices witnessed an extraordinary surge on July 3. The BSE Sensex soared above the historic 65,000 mark for the very first time, driven by a remarkable rally in global equities and a steady influx of foreign funds. For the third consecutive session, market benchmarks settled at record highs on Monday, maintaining their upward trajectory.
Market experts attributed the market momentum to a flurry of activity surrounding major index players such as Reliance Industries, ITC, and HDFC twins.
Staying true to its bullish streak, the 30-share BSE Sensex experienced a notable leap of 486.49 points or 0.75%, culminating in an all-time closing high of 65,205.05. Throughout the day, it rallied an impressive 581.79 points or 0.89% to reach its peak of 65,300.35.
Following suit, the NSE Nifty surged by 133.50 points or 0.70%, closing at a historic high of 19,322.55. During intra-day trade, the benchmark index skyrocketed by 156.05 points or 0.81%, hitting an unprecedented intra-day peak of 19,345.10.
In the Sensex chart, Reliance Industries emerged as the top gainer, boasting a remarkable 2.53% increase. It was closely followed by ITC, Bajaj Finance, State Bank of India, HDFC, UltraTech Cement, NTPC, HDFC Bank, Mahindra & Mahindra, Tata Steel, Bajaj Finserv, and ICICI Bank.
On the flip side, Power Grid, Maruti, Larsen & Toubro, Tata Consultancy Services, Tech Mahindra, Nestle, and Tata Motors were among the laggards, witnessing a decline of up to 1.86%.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, wrapped up their sessions on a positive note. Similarly, equity markets in Europe displayed a favorable trading outlook.
In the overnight trade on Friday, the US markets concluded on a significantly higher note. In the realm of global oil, the Brent crude benchmark experienced a notable climb of 0.97%, reaching $76.14 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) made equity purchases amounting to Rs.6,397.13 crore on Friday.
In a testament to the continued growth of the indirect tax regime, GST collections surpassed the Rs.1.60 lakh crore mark for the fourth time, surging by 12% to over Rs.1.61 lakh crore in June, as reported by the Finance Ministry on Saturday.
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