Indian equity benchmarks Sensex and Nifty marked their new life-time highs on Friday, driven by gains mainly in IT, banking and energy shares.
The BSE Sensex touched its life-time high of 62,448 during the session but eased most of its gains towards the fag-end of the day, settling 21 points or 0.03 percent higher at 62,294 – a new closing high for the index.
Likewise, the NSE barometer Nifty closed 29 points or 0.15 percent up at 18,513 – marking its all-time closing high. Intra-day, the NSE index touched its record intraday high of 18,535.
On the Sensex chart, heavyweight Reliance rose 1.34 percent, followed by Wipro (1.16 percent), Tech Mahindra (1 percent), Axis Bank (1 percent) and IndusInd Bank (0.9 percent).
The Sensex breadth was equally divided between sellers and buyers.
Among the major losers were shares like Nestle, Kotak Bank, ICICI Bank and HCL Tech.
“After clocking record highs in the previous session, domestic indices traded with volatility amidst mixed global cues and rising crude prices. While FIIs turning net buyers is a positive, the lack of fundamental triggers will limit the upside, keeping the market volatile in the short term. Rising COVID restrictions in China continue to negatively impact the global growth forecast,” said Vinod Nair, Head of Research at Geojit Financial Services.
Elsewhere in Asia, bourses ended mixed as investors assessed prospects for less-aggressive Fed and China’s worsening Covid-19 infections.
On the forex market front, the Indian rupee was trading almost flat against the US dollar on Friday.
