Benchmarks hit fresh peaks; Sensex gains 205 pts, Nifty settles at 19,750

Posted on by

Standard stock indices Sensex And elegant They extended their record high on Tuesday, reaching new all-time closing levels, amid new inflows of foreign funds and a positive trend in the US and European markets.

Strong buy in the IT major Infosys It also contributed to the optimism of the local benchmark indicators.

The 30-share BSE Sensex Index rose 205.21 points, or 0.31 percent, to settle at a new all-time closing high of 66,795.14. During the day, it jumped 417.09 points, or 0.62 percent, to reach its record high for the day at 67,007.02 points. The benchmark index breached the 67,000 mark for the first time ever in intraday trading.

The NSE Nifty Index rose 37.80 points, or 0.19 percent, to close at an all-time closing high of 19,749.25. On the day, the benchmark rose 108 points, or 0.54 percent, to a lifetime peak of 19,819.45.

Of the Sensex group, Infosys jumped 3.67 percent. Other major gainers included Asian Paints, HCL Technologies, Reliance Industries, ICICI Bank, Wipro, NTBC, Tech Mahindra, Bajaj Finserv and Larsen & Toubro.

Also read: The rupee settles at 82.03 against the US dollar

State Bank of India, Bajaj Finance, Titan, Tata Steel, Tata Motors and Ultra Tech Cement were among the defaulters.

“The bulls continued to lift the market to new heights, but volatility surfaced in the second half due to concerns about valuation. The rapid decline in the dollar index and decline in the US 10-year yield is supporting liquidity in emerging markets. While it is disappointing,” Vinod Nair said. , Head of Research at Geojit Financial Services, China’s economic growth and improvement in US market outlook are drawing attention to the Indian market.

In Asian markets, Tokyo settled in the green, while Seoul and Shanghai closed lower.

Stock markets in Europe were trading mostly in the green. US markets closed in positive territory on Monday.

Brent crude, the global benchmark, jumped 0.31 percent to $78.74 a barrel.

Foreign Institutional Investors (FIIs) continued their buying activity as they bought shares worth Rs 73 crore (net) on Monday, according to exchange data.