Benchmark equity indices jumped to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights Reliance, ICICI Bank, and HDFC Bank amid a recent increase in foreign capital inflows. In addition, stable crude oil prices extended support to capital markets amid investors looking for fresh triggers.The BSE Sensex soared 141.34 points or 0.18 per cent to settle at a new closing peak of 77,478.93. The NSE Nifty50 climbed 51 points or 0.22 per cent to settle at its fresh closing high of 23,567.”Despite experiencing significant volatility, the domestic market concluded the day positively. In the near term, market attention is expected to centre around the upcoming Union budget and the progress of the monsoon. On the global front, the decline in US bond yields has facilitated robust FII inflows in recent days. The fertilizer stocks exhibited good momentum, driven by the proposed removal of GST & hike in MSP,” said Vinod Nair, Head of Research at Geojit Financial Services.
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