Benchmark indices Sensex and Nifty reached new all-time highs in early trading on Friday, driven by positive investor sentiment and fresh foreign fund inflows ahead of the upcoming Lok Sabha election results.
The 30-share BSE Sensex rose by 164.24 points to reach a record high of 75,582. Similarly, the NSE Nifty increased by 36 points, surpassing the 23,000 mark for the first time and reaching a new peak of 23,004.
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From the Sensex firms, Bajaj Finance, Larsen & Toubro, Tata Steel, State Bank of India, HDFC Bank and Bharti Airtel were the major gainers. Mahindra & Mahindra, Tata Consultancy Services, Maruti and JSW Steel were among the laggards.
The results of the ongoing general elections are scheduled to be announced on June 4.