The stock market again touched a new peak, jumping 274 points

Stock market at highest level: Domestic bourses continued to rally for the fifth consecutive trading session on Tuesday with the BSE Sensex jumping 274 points to hit a new all-time high of 65,479.05. Continued investment by foreign institutional investors and strong investor sentiment also supported the market.

Apart from this, the market was also supported by buying in shares of Bajaj Finance, Bajaj Finserv, Infosys, HDFC Bank and Tata Consultancy Services (TCS), which have a strong share in the index.

The 30-share Sensex rose 274 points or 0.42 percent to close at an all-time high of 65,479.05. During the trade, the Sensex had at one point climbed 467.92 points to 65,672.97 points.

The Nifty of the National Stock Exchange also rose 66.45 points or 0.34 percent to close at a new record high of 19,389 points. During trading, it had gone up by 111.6 points to 19,434.15 points.

Among the Sensex stocks, Bajaj Finance gained the most by 7.71 percent. Apart from this, Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India and ITC were bullish.

On the other hand, the losers include Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, Tata Steel and Ultratech Cement. In other Asian markets, China’s Shanghai Composite and Hong Kong’s Hang Seng were in gains, while South Korea’s Kospi and Japan’s Nikkei were in losses.

Major markets in Europe were mixed in early trade. US markets were higher on Monday. Global oil benchmark Brent crude rose 1.15 percent to $75.51 a barrel. Foreign portfolio investors (FPIs) bought shares worth Rs 1,995.92 crore on Monday, according to stock market data.

FPIs have invested Rs 47,148 crore in the domestic stock market in the month of June. This is a 10-month high for FPI investment. (agencies)

Edited by: Vrijendra Singh Jhala

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