Sensex, Nifty close at all-time highs on gains in HDFC twins, RIL

By Lokmat English Desk | Published: June 21, 2023 06:53 PM2023-06-21T18:53:23+5:302023-06-21T18:53:23+5:30


The Indian equity benchmarks closed at record highs on Wednesday, June 21 powered by gains in HDFC, HDFC Bank, Reliance Industries, Power Grid and Tata Consultancy Services as sustained foreign inflows into Indian equities backed by strong growth prospects boost investor sentiment for equities.

The Sensex ended 195 points higher to close at an all-time high of 63,523 and Nifty 50 index advanced 40 points to settle at record high of 18,857. During the session, Sensex touched a record high of 63,588.31.

"After an almost eight-month consolidation, the Sensex has hit an all-time high," Amar Ambani, head of institutional equities at YES Securities told Reuters.

"If monsoons do not play spoilsport, 2023 will be a strong year for Indian equities. FPI money should keep flowing into India."

Foreign investors have poured in Rs 73,812 crore so far this financial year. They were net sellers in the two previous financial years, with total outflows of Rs 1.63 lakh crore.