Sensex and Nifty crossed new all-time highs on Thursday afternoon after weak global markets and profit booking turned the market red during early trade. The market opened on a weak note in the early morning, following which it bounced back to record levels in the morning and later dipped again, before hitting higher levels again.
Sensex, the 30-share BSE benchmark index, recorded its lifetime high of 81,203.26 in the afternoon. In the early morning trade, Sensex opened in the negative waters, but bounced back later and climbed 193.9 points to hit a new record peak of 80,910.45. Later, it was dragged down 151.38 points lower at 80,550.97. By 1.35 pm, the benchmark bounced back and floated even higher to a new intraday peak of 81,203.26.
The NSE Nifty, which like Sensex had a weak morning trade, zoomed 65.9 points to hit a lifetime high of 24,678.90. Later the broader benchmark lost its gains and was brought down 66.35 points down at 24,546.65. Nifty regained the lost grounds by 1.35 pm and recorded its new all-time high of 24,746.80.
The top performers in the Sensex basket included Tata Consultancy Services, Hindustan Unilever, Bajaj Finserv, Tech Mahindra and State Bank of India. However, Adani Ports, Asian Paints, Tata Steel, NTPC, Power Grid and UltraTech Cement were on the losing side.
The US indices closed mostly lower on Wednesday and Asian markets like Seoul, Tokyo and Shanghai followed suit. Only Hong Kong was trading higher.
