Sensex, Nifty settle at new record high levels on buying in banking, oil shares
standard Sensex And elegant It closed at new lifetime highs on Monday on foreign fund inflows and buying in HDFC Bank and Reliance Industries.
BSE Sensex, which includes 30 shares, jumped 529.03 points, or 0.80 percent, to settle at a new all-time closing high of 66,589.93 points. During the day, it rose 595.31 points, or 0.90 percent, to reach an intraday high of 66,656.20.
The NSE Nifty Index rose by 146.95 points, or 0.75 percent, to close at a new record high of 19,711.45. During the day, it rose 167.35 points, or 0.85 percent, to its record high for the day at 19,731.85 points.
Of the Sensex Group, State Bank of India, Wipro, Reliance Industries, HDFC Bank, Kotak Mahindra Bank and IndusInd Bank were the top gainers.
HDFC Bank rose 2 per cent after the company reported a 29.13 per cent jump in consolidated net profit for the June quarter at Rs.12,370.38 crore.
Tata Motors, Bharti Airtel, Titan and GSW Steel were among the latecomers.
“Despite the mixed performance observed in the Asian market due to China’s disappointing GDP data, the Indian market showed resilience, in anticipation of the bumper Q1 results,” said Vinod Nair, Head of Research at Geojit Financial Services.
Foreign Institutional Investors (FIIs) They were buyers on Friday as they bought shares worth Rs 2,636.43 crore, according to exchange data.
In Asian markets, Seoul and Shanghai closed lower.
Stock markets in Europe were trading mostly in negative territory. US markets ended mixed on Friday.
Brent crude, the international benchmark, fell 1.62 percent to $78.58 a barrel.