New Delhi: Indian equities reached record highs on Thursday boosted by buying in IT and Pharma stocks. The Nifty 50 Index rose by 0.06 per cent to close at 24,302.15 while the sensex increased by 0.08 per cent or 62.88 points to finish at 80,049.67. Meanwhile, the Bank Nifty which hit new highs during intra-day trading ended flat but with a slight positive bias at 53,103.7.
The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday’s gains. After an initial rise, the Nifty fluctuated throughout the day and settled near its lowest point at 24,306.55. Sector-wise, there was a mixed trend with pharmaceuticals, IT, and automotive sectors seeing moderate gains, while FMCG and metals remained subdued. The broader indices performed better than the benchmark, each gaining about half a percent,” said Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd.
