The S&P BSE Sensex closed at record high, while the NSE Nifty 50 ended at 52-week high on Thursday, led by broad-based gains across sectors. This follows a global rally after the Federal Reserve’s minutes of the meeting showed support for moderate interest rate hikes.
The Sensex closed 1.38% higher at 62,362.44, after hitting an all-time high of 62,412.33 on the BSE. The Nifty 50 ended 1.39% higher at 18,520.40 after hitting a 52-week high of 18,527.25 on the NSE.
Among Nifty 50 constituents, 44 stocks advanced, five declined and one remained unchanged.
Apollo Hospitals Enterprise Ltd., HDFC Life Insurance Co., Bharat Petroleum Corporation Ltd., Infosys Ltd., and Tata Consumer Products Ltd. were the top gainers, while Cipla Ltd., Coal India Ltd., Kotak Mahindra Bank Ltd., Tata Motors Ltd., and Bajaj Finance Ltd. were the top laggards on Nifty 50.
The broader indices underperformed their larger peers, with the mid-cap and small-cap indices gaining 0.52% and 0.42%, respectively.
Eighteen out of the 19 sectoral measures complied by BSE Ltd. advanced, with BSE information & technology and teck gaining the most over 2%.
The market breadth is skewed in favour of the bulls. About 1,941 stocks rose, 1,557 fell, and 137 remained unchanged.