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Mumbai: Indian stock markets today hit new highs on the back of global markets ahead of the corporate results season starting with TCS results in the current week, with US employment growth data and global crude oil prices falling. Sensex hit new all-time high of 74896.90 today after a bullish start in trade led by Reliance Industries, led by funds, gains in automobile stocks Maruti Suzuki, Mahindra & Mahindra and power-capital goods stocks Larsen, Power Grid Corp. Has reached. When Nifty created a new history of 22666. At one point today, the Sensex jumped 621.08 points to reach a new record high of 74896.30 and closed at a new record high of 74742.50, rising 494.28 points. Whereas Nifty spot jumped 183.60 points at one time and created a new history at 22697.30 and finally closed at a new record level of 22666.30 by climbing 152.60 points.
Preparation to separate retail, Jio telecom business
Reliance Industries stock closed at Rs 2,971, up Rs 51.05, following aggressive buying by funds this morning. Recently, a 54 per cent surge in Goldman Sachs' share price for Reliance by 2026 and reports of it being ready for listing with business value locking of Jio and retail business increased the attraction towards the fund. GAIL India's price increased by Rs 10.10 to Rs 200.80. BSE Oil-Gas Index closed 420.78 points higher at 28253.92.
surge in auto stocks
Today, BSE Auto Index rose 812.61 points to close at 50209.28 due to aggressive buying of funds in shares of automobile companies. Eicher Motors rose by Rs 162.10 to Rs 4193, Maruti Suzuki rose by Rs 404.45 to Rs 12,829.10, TVS Motor rose by Rs 67.45 to Rs 2136, Mahindra & Mahindra rose by Rs 64.90 to Rs 2079.95. Shares of Balkrishna Industries rose by Rs 40.50 to Rs 2444.75, shares of Hero MotoCorp rose by Rs 68.30 to Rs 4592.15.
Metal index increased by 325 points
Funds in metal-mining stocks were buying select shares today amid predictions that China is emerging from the crisis in the property sector and will register 5.3 per cent growth this year. Vedanta rose by Rs 4.25 to Rs 323.15, Hindalco rose by Rs 7.05 to Rs 576.95, Tata Steel rose by Rs 1.80 to Rs 165.15. BSE Metal Index closed 325.13 points higher at 29859.83.
Attraction in Banking Shares
Among banking-finance stocks today, BSE Bankex index closed 247.41 points higher at 54838.02 as funds made selective buying. The price of Axis Bank increased by Rs 17 to Rs 1075.20, the price of IndusInd Bank increased by Rs 17.25 to Rs 1568.10, the price of State Bank of India increased by Rs 4.05 to Rs 768.40. Among financial services companies, Aban Holdings rose by Rs 67.20 to Rs 403.30, Tourism Finance Corporation rose by Rs 8.55 to Rs 180.20, Motilal Oswal rose by Rs 71.95 to Rs 1903.35, Choice International rose by Rs 11.35 to Rs 304.
Profit booking in small, mid cap, cash stocks
Market breadth remained negative as funds, players booked profits in small, mid cap, cash stocks today against record gains based on large cap, Sensex, Nifty. Out of total 4055 shares traded in BSE today, the number of gainers was 1898 and the number of decliners was 2033.
DII net purchases Rs 3471 crore
FIIs made a net sale of shares worth Rs 684.68 crore in cash today-Monday. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 3470.54 crore in cash today.
Investors' wealth increased by Rs 1.55 lakh crore
Investors' wealth i.e. market capitalization of BSE listed companies increased by Rs 1.55 lakh crore in a day to Rs 400.86 lakh crore.