Sensex at life high on hopes of eco recovery, vax drive

MUMBAI: Almost four months after hitting an all-time high at 52,517 points on February 16, the sensex hit a new high at 52,642 on Friday spurred by a rally in Reliance Industries and further supported by Infosys and TCS. At the close of the day’s trading, BSE’s market capitalisation also hit a new high at Rs 233.7 lakh crore. While foreign fund buying was the main market driver since March 2020, over the last few months domestic funds took the indices higher.
The sensex on Friday opened at 52,477 points, hit the new all-time high in early trades and remained rangebound to close at 52,475, up 174 points on the day. The day’s closing was also the index’s all-time closing high, BSE data showed. On NSE, the Nifty too rallied 61 points to close at 15,799, also a new all-time closing high. TNN