New highs on D-Street! Nifty scales Mt 23K, Sensex hits fresh peak
benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust economic data in the U.S. dampening hopes of early interest rate cuts.
The BSE Sensex was trading 77 points higher at 75,495. Nifty50 was trading at 22,970, up 2 points at around 9.46 am.
Data on Thursday showed U.S. jobless claims dropped while S&P Global's Flash PMI survey showed business activity expanded faster than economists forecast in May.
From the Sensex stocks, Tata Steel, JSW Steel, L&T, SBI and Bharti Airtel opened higher, while M&M, TCS, Tech Mahindra, Maruti, and Infosys opened lower.
Meanwhile, among individual stocks, IndiGo shares rose 3% in early trade after the airline operator's fourth-quarter profit doubled, beating analyst estimates. Additionally, the airline announced plans to introduce business class on some domestic flights this year.
Honasa Consumer (Mamaearth) shares also opened over 7% higher after the Indian skincare firm posted a fourth-quarter profit compared to a loss a year ago, as consumers stocked up on beauty and personal care products
MORE TO COME...
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
