Wednesday, Nov 14, 2018 | Last Update : 06:47 PM IST

Bull Run continues for 4th straight day

PTI
Published : Aug 24, 2018, 12:41 am IST
Updated : Aug 24, 2018, 12:41 am IST

The rupee once again breached the 70-mark against the US dollar amid robust demand for the greenback.

The Sensex jumped 51 points to a fresh closing peak of 38,336.76, while the broader Nifty rose 11.85 points to record 11,582.75.
 The Sensex jumped 51 points to a fresh closing peak of 38,336.76, while the broader Nifty rose 11.85 points to record 11,582.75.

Mumbai: Benchmarks defied gravity for the fourth straight session on Thursday, riding on a rally in RIL which became the first Indian company to reach a market capitalisation of Rs 8 lakh crore.

The Sensex jumped 51 points to a fresh closing peak of 38,336.76, while the broader Nifty rose 11.85 points to record 11,582.75.

Persistent buying by both foreign and domestic investors offset concerns related to the rupee and global trade, brokers said.

The rupee once again breached the 70-mark against the US dollar amid robust demand for the greenback.

On the global front, the US slapped tariffs on another $16 billion of Chinese imports, which Beijing vowed to retaliate.

Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.

The 30-share Sensex opened strong and scaled an all-time (intra-day) high of 38,487.63 in early trade. 

Tags: benchmarks, sensex, capitalisation