Sensex Hits Record 66,000 Points, TCS Leads Gainers

Share market jumped to record highs in early trade on Thursday as Asian stocks soared in morning trade while US stocks settled with robust gains overnight. The 30-share BSE Sensex gained 633.95 points to 66,027.95 (0.97%) and NSE Nifty jumped 179.4 points to 19,563.70 (0.92%) in morning trade till 10:10 am.

Spicejet shares gained 3.02% to 32.11 per share on capital infusion plans. Promoter Ajay Singh decided to infuse INR 500 Crore into SpiceJet by way of subscribing fresh equity shares and/or convertible instruments.

Samvardhana Motherson International Ltd shares new 52-week high in morning trade. Current market price of Samvardhana Motherson share is Rs 95.87 with the gain of 3.00% in morning trade.

From the Sensex pack, shares of TCS, Infosys, Tata Steel, and Tech Mahindra gained between 1% to more than 2%. Shares of TCS gained after the company declared higher-than- anticipated quarterly one results. Meanwhile, HCL Technologies witnessed marginal surge of 0.13% in morning trade after announces weaker than anticipated quarterly results.

Shares of Power Grid, Maruti Suzuki emerged as the laggards with the decline of less than 1% to over 1% in early trade on Thursday.

Asian markets jumped, with the MSCI Asia ex-Japan index soaring approximately 2%, following overnight gains in Wall Street equities after the U.S. consumer price index for June logged the smallest surge in more than two years.

Moderation in U.S. inflation outweighed worries over the surge in domestic retail inflation in June, along with demand weakness flagged by leading IT companies TCS and HCLTech.

Earlier, India’s retail inflation, measured by the Consumer Price Index or CPI surged to 4.81% in June amid higher food prices, according to data released on Wednesday by the statistics ministry. India’s CPI inflation was 4.31% in May.