Monday, November 11, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Sensex breaches 79,000 mark for first time, Nifty hits record high

Sensex breaches 79,000 mark for first time, Nifty hits record high

Benchmark indices experienced a downturn in early trade on Thursday due to weak trends in Asian markets and foreign fund outflows. The BSE Sensex declined by 149.41 points after hitting a new all-time high, while the Nifty dipped by 47.45 points.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: June 27, 2024 10:52 IST
BSE stock market
Image Source : PTI Business stock exchange building.

The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.

Top gainers

Conversely, UltraTech Cement, JSW Steel, Tata Steel, and Reliance Industries emerged as the top gainers.

Global market trends

Asian markets

Major Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were trading lower.

US markets

In contrast, US markets closed in positive territory on Wednesday.

Foreign Institutional Investors

Foreign Institutional Investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday, contributing to the market downturn.

Other market indicators

Brent crude

The global oil benchmark Brent crude fell by 0.21% to USD 85.07 a barrel.

Wednesday's market performance

The BSE Sensex had climbed 620.73 points, or 0.80%, to a new closing peak of 78,674.25. It had surged 705.88 points, or 0.90%, to hit an all-time high of 78,759.40 during the day. The Nifty had increased by 147.50 points, or 0.62%, to a record closing peak of 23,868.80, hitting an intra-day high of 23,889.90.

Also read | Yes Bank sacks 500 employees to cut costs, more layoffs likely in coming weeks: Reports

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement