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 knowledge expertise shares. The benchmarks staged a niche down opening mirroring losses in different Asian markets nevertheless, sustained shopping for in banking and knowledge expertise shares helped benchmarks get well 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 buyers 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 National Stock Exchange ended greater led by the Nifty IT index’s 2.6 per cent acquire. Nifty Private Bank, Bank and Financial Services indexes additionally rose over 1 per cent every.
On the opposite hand, auto, metallic and realty shares witnessed some promoting strain.
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 Bank was high Nifty gainer, the inventory rose 6.Three per cent to shut at Rs 664. HDFC, IndusInd Bank, HDFC Life, Wipro, Tata Consultancy Services, Asian Paints, HCL Technologies, Nestle India and Hindustan Unilever additionally rose between 1-Three per cent.
On the flipside, ONGC, JSW Steel, Hindalco, Tata Steel, Bajaj Finance, Coal India, NTPC, Mahindra & Mahindra, Reliance Industries and BPCL had been among the many losers.
The general market breadth was constructive as 1,781 shares ended greater whereas 1,288 closed decrease on the BSE.