PNS | MUMBAI
Equity benchmark Sensex vaulted 1,181 points to close at its all-time high on Friday, in lockstep with a rally in global markets after lower-than-expected US inflation data fuelled hopes that the US Fed may go slow on rate hikes. A sharp recovery in the rupee and unabated foreign capital inflows further bolstered sentiment, traders said.
The 30-share BSE benchmark zoomed 1,181.34 points or 1.95 per cent to settle at 61,795.04 — surpassing its previous closing peak of 61,765.59 hit on October 18, 2021. Likewise, the broader NSE Nifty rallied 321.50 points or 1.78 per cent to finish at 18,349.70. HDFC twins topped the Sensex gainers’ chart, jumping up to 5.84 per cent, following reports that the merged entity’s weightage could increase in MSCI global indices. Infosys, Tech Mahindra, HCL Tech, TCS, Wipro, Tata Steel and Reliance Industries were among the other winners, rising as much as 4.51 per cent. On the other hand, M&M, SBI, Kotak Bank, Dr Reddy’s, ICICI Bank and NTPC were among the laggards, shedding up to 0.83 per cent.
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