Sensex, Nifty hit record closing highs amid strong global cues

Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market.

A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95 per cent to 63,520.36.

The NSE Nifty climbed 137.90 points or 0.74 per cent to end at its lifetime peak of 18,826.

Buying in index major Reliance Industries and HDFC twins also helped the markets to rebound.

Bajaj Finserv was the biggest gainer in the Sensex pack, rising 2.21 per cent, followed by Titan, ITC, Kotak Mahindra Bank, HDFC Bank, HDFC, Bajaj Finance, IndusInd Bank, ICICI Bank, HUL, Reliance Industries and Mahindra & Mahindra.

Wipro, Tata Consultancy Services, Power Grid and Tech Mahindra were the laggards.

Global oil benchmark Brent crude dipped 0.62 per cent to USD 75.20 a barrel.