Stock Market Update: Benchmark indices hit record highs for the fourth straight day as the stock market rally continues

Stock Market Update: The major index constituents Reliance Industries, Wipro, and Maruti saw significant purchasing on Friday, helping equity benchmarks reach new highs and continue their four-day winning streak.

The 30-share BSE Sensex increased 20.96 points, or 0.03 percent, to close at 62,293.64, setting a new record closing high during generally range-bound trading. It reached 62,447.73, its all-time intra-day high, after rising 175.05 points, or 0.28 percent, during the trading day.

Similar to this, the larger NSE Nifty gained 28.65 points, or 0.15 percent, to close at 18,512.75, an all-time high.

Reliance Industries led all Sensex companies with an increase of 1.34 percent

With a 1.34 percent increase, Reliance Industries led all Sensex companies. Wipro, Tech Mahindra, Axis Bank, IndusInd Bank, Maruti, Tata Steel, and Mahindra & Mahindra were also among the top gainers.

The main laggards, on the other side, were Nestle, Kotak Mahindra Bank, ICICI Bank, and HCL Technologies.

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Shanghai closed in the black, but markets in Seoul, Tokyo, and Hong Kong ended lower. In the afternoon trade, equity exchanges in Europe were primarily trading down. On Thursday, Wall Street was closed due to a holiday.

Stock Market Update: FIIs turned into net buyers on Thursday

Benchmark Brent crude for world markets was trading 1.21% higher at USD 86.37 per barrel. According to exchange data, Foreign Institutional Investors (FIIs) became net purchasers on Thursday, purchasing shares worth Rs. 1,231.98 crore.

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