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Sensex, Nifty hit all-time high levels on rally in Reliance, Tata Motors shares

On Aug 30, 2024 By PTI

Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday (August 29, 2024), driven by a rally in index majors Reliance Industries and Tata Motors.

The 30-share BSE Sensex jumped 349.05 points or 0.43% to settle at an all-time closing high of 82,134.61, extending its winning momentum to the eighth day in a row. During the day, it soared 500.27 points or 0.61 per cent to hit a lifetime intra-day peak of 82,285.83.

Rallying for the 11th straight session, the NSE Nifty surged 99.60 points or 0.40% to settle at a new closing high of 25,151.95. During the trade, the benchmark climbed 140.55 points or 0.56% to hit a fresh record intra-day peak of 25,192.90.

Among the 30 Sensex firms, Tata Motors jumped over 4%, followed by Bajaj Finserv, Bajaj Finance, HCL Technologies, ITC, Reliance Industries, Tech Mahindra, Maruti and State Bank of India.

Reliance Industries climbed nearly 2% after Mukesh Ambani, chairman and managing director of the firm, said the board of the company will meet on September 5 to consider issuing bonus shares in the ratio of 1:1.

"When Reliance grows, we reward our shareholders handsomely," Mr. Ambani said.

Mahindra & Mahindra, Sun Pharma, JSW Steel, Kotak Mahindra Bank, Infosys and Tata Steel were among the biggest laggards.

In Asian markets, Seoul, Tokyo and Shanghai settled in the negative territory, while Hong Kong ended higher.

European markets were trading in the positive zone. The U.S. markets ended lower on Wednesday (August 28, 2024).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,347.53 crore on Wednesday(August 28, 2024), according to exchange data.

Global oil benchmark Brent crude declined 0.60% to USD 78.27 a barrel.

Rising for the tenth straight session on Wednesday (August 28, 2024), the NSE Nifty went up by 34.60 points or 0.14% to settle at a new closing high of 25,052.35. The benchmark surged 111.85 points or 0.44% to hit a fresh intra-day all-time peak of 25,129.60.

Extending its winning run to the seventh day in a row, the BSE benchmark climbed 73.80 points or 0.09 per cent to settle at 81,785.56.

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