Sensex, Nifty close at fresh lifetime highs on gains in ICICI Bank, Infosys
5 months, 2 weeks ago

Sensex, Nifty close at fresh lifetime highs on gains in ICICI Bank, Infosys

The Hindu  

Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on July 4, following buying in market heavyweights ICICI Bank, Infosys and TCS amid a largely positive trend in global equities. The broader Nifty also hit an intra-day record high of 24,401 in early trade before closing almost flat. "The defensive bet on large caps like IT and pharma gained momentum due to the diminishing U.S. inflationary pressure, improvement in QoQ earnings outlook and a resultant sharp fall in the U.S. 10-year bond yield. Among Sensex shares, HCL Technologies, ICICI Bank, Tata Motors, Sun Pharmaceuticals, Tata Consultancy Services, Infosys, Kotak Mahindra Bank and Mahindra and Mahindra were the gainers.

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