Market Update: Indian Indices Hit Record Highs on Global Optimism

8 Apr 2024 , 01:36 PM

Indian benchmark indices reached fresh all-time highs on Monday, driven by positive cues from global markets and anticipation of the earnings season.

The Sensex surged by 555.61 points or 0.75% to 74,803.83, while the Nifty climbed 167.20 points or 0.74% to 22,680.90.

Market breadth was positive with 1823 shares advancing, 1546 shares declining, and 98 shares remaining unchanged.

Top gainers on the Nifty 50 included Eicher Motors, Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, and Shriram Finance, while Adani Ports & SEZ, Apollo Hospital Enterprises, Nestle India, Adani Enterprises, and Wipro were the top drags.

At noon, only six of the 30 stocks on the Sensex were in the red, with Nestle India, Sun Pharma, HDFC Bank, Wipro, and Bajaj Finance leading the declines, and Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, JSW Steel, and Axis Bank registering the most gains.

According to provisional data from the NSE, Foreign Institutional Investors (FIIs) net bought shares worth ₹1,659.27 Crore, while Domestic Institutional Investors (DIIs) sold ₹3,370.42 Crore worth of stocks on April 5.

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