The S&P BSE Sensex and NSE Nifty 50 indexes rose for tenth session in a row to shut at document highs on Tuesday led by good points in banking and data expertise shares. The benchmarks staged a spot down opening mirroring losses in different Asian markets nevertheless, sustained shopping for in banking and data expertise shares helped benchmarks recuperate from intraday lows. The Sensex rose as a lot as 583 factors from the day’s lowest stage and Nifty 50 index touched document excessive of 14,215.60.
The Sensex superior 261 factors to shut at document excessive of 48,437.78 and Nifty 50 index climbed 67 factors to shut at an all-time excessive of 14,200.
Sustained shopping for by international institutional traders led to benchmarks extending record-breaking streak to seventh session in a row. The FIIs on Monday purchased shares value Rs 1,843 crore after they invested document Rs 1.70 lakh crore in calendar 12 months 2020.
Eight of 11 sector gauges compiled by the Nationwide Inventory Alternate ended increased led by the Nifty IT index’s 2.6 per cent acquire. Nifty Personal Financial institution, Financial institution and Monetary Providers indexes additionally rose over 1 per cent every.
However, auto, metallic and realty shares witnessed some promoting stress.
Mid- and small-cap shares additionally witnessed shopping for curiosity as Nifty Midcap 100 index rose 0.7 per cent and Nifty Smallcap 100 index superior 0.6 per cent.
Axis Financial institution was high Nifty gainer, the inventory rose 6.3 per cent to shut at Rs 664. HDFC, IndusInd Financial institution, HDFC Life, Wipro, Tata Consultancy Providers, Asian Paints, HCL Applied sciences, Nestle India and Hindustan Unilever additionally rose between 1-3 per cent.
On the flipside, ONGC, JSW Metal, Hindalco, Tata Metal, Bajaj Finance, Coal India, NTPC, Mahindra & Mahindra, Reliance Industries and BPCL had been among the many losers.
The general market breadth was optimistic as 1,781 shares ended increased whereas 1,288 closed decrease on the BSE.