Capital market index at fresh high as benchmark indices hit 52-week high; IEX, CAMS lead gains

Capital market index hit fresh high.

The Nifty Capital market index hit a fresh in Thursday's trade as the benchmark indices extended gains for the second consecutive day on buying in oil & gas and select financial shares and fresh foreign fund inflows.

The gains in the Nifty Capital market index were led by Indian Energy Exchange (IEX), which settled 4.19 percent higher at Rs 142.86 per share on the National Stock Exchange (NSE).

It was closely followed by Computer Age Management Services and 360 ONE WAM, which rose 2.16 percent and 2.13 percent respectively.

Central Depository Services (India), Multi Commodity Exchange of India, Angel One and HDFC Asset Management Company were among the other gainers, rising up to 1 percent.

Analysts said a rally in global peers helped across the board buying today.

"Indian equities rose on optimism around India–US trade talks and progress on phase-1 agreements, boosting overall market sentiment. Global cues also remained strong, led by tech-driven gains following solid earnings. Fresh FII inflows and strength in large-cap sectors such as Auto, Financials, and IT supported the upbeat trend," Vinod Nair, Head of Research, Geojit Investments Limited, said.

The Sensex jumped 446.21 points or 0.52 percent to settle at 85,632.68. During the day, it surged 615.23 points or 0.72 per cent to hit a 52-week high of 85,801.70. The Nifty also hit its 52-week high of 26,246.65 during the day before closing at 26,192.15, reflecting gains of 139.50 points or 0.54 per cent over the previous close.

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