Sensex rebounds to close at all-time high of 82,988

The equity benchmark index, Sensex, rebounded nearly 100 points to hit a lifetime closing high of 82,988.78 on Monday

The 30-share BSE Sensex climbed 97.84 points (0.12 per cent) to settle at 82,988.78. During the day, it jumped 293.4 points (0.35 per cent) to hit a fresh lifetime intra-day high of 83,184.34.

Rising by 2.44 per cent, the NTPC was the biggest gainer, followed by JSW Steel, Larsen & Toubro, ICICI Bank, Axis Bank, Nestle, Mahindra & Mahindra and Tata Steel. The Bajaj Finance declined over three per cent. Hindustan Unilever, Bajaj Finserv, Adani Port and Asian Paints were the other laggards.

Meanwhile, the NSE Nifty rose 27.25 points (0.11 per cent) to settle at 25,383.75, over five points lower than its previous record. During the day, the benchmark gained 89.2 points (0.35 per cent) to hit a new intra-day high of 25,445.70.

In the broader market, the BSE smallcap gauge climbed 0.28 per cent, while the midcap index ended marginally up by 0.01 per cent.

Among the indices, utilities jumped 1.97 per cent, power (1.93 per cent), metal (0.65 per cent), capital goods (0.56 per cent), consumer durables (0.49 per cent) and industrials (0.33 per cent). IT, telecommunication, tech, services and FMCG were the laggards.