Benchmark stock market measures continued their upward climb on Monday, with the BSE Sensex surpassing 65,000 for the first time due to increasing global optimism and the arrival of foreign funds.
During early Tuesday, the 30-share BSE Sensex saw another significant gain, jumping 449.46 points to reach its all-time high of 65,168.02. Meanwhile, NSE Nifty gained 128.95 points and hit an all-time high of 19,318 – running all-time levels on its way there.
HDFC, HDFC Bank, Mahindra & Mahindra, UltraTech Cement, and Tata Steel all saw strong returns, as did Bajaj Finance, State Bank of India Reliance Industries Bajaj Finserv, and ICICI Bank.
Power Grid, Maruti, Tech Mahindra, IndusInd Bank, HCL Technologies, and Axis Bank were some of the worst performers. Seoul, Tokyo, Shanghai, and Hong Kong stock markets gained in 2017.
Friday was an impressively positive day for US markets.
Brent crude oil is widely used as a pricing reference, decreased by 0.01% to USD 75.41 per barrel.
Records at the Stock Exchange show that Foreign Institutional Investors (FIIs) purchased shares totaling Rs 6,397.13 crore on Friday.
Since introducing the indirect tax system, GST payments have exceeded Rs 1.60 lakh crore four times; last month alone, they increased by 12 % to surpass this mark, according to Finance Ministry figures.
