Mumbai, June 28: Indian equity indices started the day positively on Friday, buoyed by strong buying in largecap stocks. Both the Sensex and Nifty reached new all-time highs, with the Sensex touching 79,671 and the Nifty reaching 24,174.
By 10 a.m., the Sensex was trading at 79,558, marking a gain of 314 points or 0.40%, while the Nifty was up by 93 points or 0.39% at 24,137.
Top gainers included NTPC, Sun Pharma, Tech Mahindra, Tata Motors, Power Grid, Tata Steel, Nestle, Asian Paints, Infosys, HDFC Bank, and JSW Steel. On the other hand, UltraTech Cement, Axis Bank, IndusInd Bank, Maruti Suzuki, and HCL Tech were among the losers.
The Nifty Midcap 100 index rose by 346 points or 0.46% to 55,740, while the Nifty Smallcap 100 index gained 187 points or 1.03% to 18,352.
Sector-wise, PSU Banks, Financial Services, Pharma, Metals, and Energy sectors saw significant gains, while Auto and Realty sectors lagged behind.
Market experts commented, "There is strong momentum in the market, potentially driving the Sensex towards the 80,000 mark. The recent rally is supported by fundamentally robust largecap stocks such as RIL, Bharti Airtel, and leading private sector banks."
They cautioned, "Given the overbought conditions and profit booking by DIIs, corrections could occur at any time."
