Sensex, Nifty end at fresh closing high; IT, realty stocks charge ahead

HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers

4:07 PM

CLOSING COMMENTS :: S Ranganathan, Head of Research at LKP Securities

As Global Investors digest inflation data and the FED commentary, Dalal Street Bulls were seen betting on economic recovery as IT stocks continue to power the Indices to new highs. Markets seemed in no mood to oblige investors waiting on the sidelines for a correction as sector rotation played it's part today as Capital Goods made a smart comeback across market capitalisation. The broader market was buzzing with action across Cement, Real Estate & Pharma names.

4:01 PM

MARKET VIEW :: Vinod Nair, Head Of Research at Geojit Financial

Indian indices extended its gains to all-time high supported by positive Asian market and rally in Reality, IT, Financials and Metals stocks, in anticipation of robust Q1 earnings & recovery in demand. Asian markets were positive as China reported better than forecasted economic data and the global market was boosted by the accommodative stance in the Fed official’s statement, reducing risk of change in rates.

3:59 PM

Emkay Global vaults 14%

>> Stock hit 2-year high in intraday

3:50 PM

Kitex snaps 6-day winning run, ends 10% lower

3:49 PM

LTTS jumps 19% post June quarter show

3:48 PM

Wipro ends 2.5% higher ahead of Q1 numbers

3:47 PM

BSE Midcap index adds 0.31%

> Here are the top gainers & losers from the pack

3:46 PM

BSE Smallcap index gains 0.43%

>> It hit record high of 26422.78 in intra-day today

3:42 PM

Advance-decline ratio at 1:1

3:41 PM

Sector Check :: Realty, IT sectors shine

3:40 PM

Sensex heatmap at close

3:39 PM

CLOSING BELL :: Sensex, Nifty end at record high

Sensex ends at record high of 53,158.85, up 254.80 points or 0.48 per cent. The index had hit all-time high of 53266.12 in intra-day today. Nifty50 settles 70.25 points or 0.44% higher at 15,924.20 after scaling fresh peak of 15,952.35.

3:20 PM

KIMS zooms 61% over IPO price as investors lap up shares post listing

Shares of Krishna Institute of Medical Sciences (KIMS) rose for the fourth straight day, up 6 per cent at Rs 1,325 on the BSE in intra-day trade on Thursday. The stock was trading at its highest level since its listing on July 5, 2021. With a 40 per cent rally thus far in July, KIMS stock has zoomed 61 per cent from its issue price of Rs 825 as institutional investors lapped up the company’s shares post listing. READ MORE

3:14 PM

BUZZING :: YES Bank up over 4%

3:05 PM

KIMS zooms 61% over IPO price as investors lap up shares post listing

The June quarter shareholding pattern filed by KIMS reveals that institutional investors had purchased an additional 1.24 million equity shares or 1.55 per cent stake in the company via open market post listing. Following this, mutual funds' holding increased to 10.75 per cent from 8.70 per cent, and that of foreign portfolio investors (FPIs) rose to 11.57 per cent from 10.95 per cent at the time of listing. READ MORE