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.
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.
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