Sensex, Nifty open at record highs; all sectoral indices trading in green
BSE Sensex surged 184.78 pts to hit all-time high of 37,876.87; Nifty climbs 41.85 pts to scale new peak of 11,428.95.
With the Nifty trading above 11,400 and the Sensex soaring over 100 points, the equity benchmarks have begun the day on a record high note. As 464 shares advanced, against a decline of 119 shares and another 60 shares remained unchanged, the market breadth is positive
Again with the maximum gain seen in auto names, all sectoral indices are trading in the green and the IT, metals and pharma space is also trading higher.
Infosys, M&M, Hindalco and GAIL are the top gainers, while Adani Ports and ICICI Bank have lost the most.
The Indian rupee opened marginally lower at 68.91 per dollar on Tuesday against previous close 68.88.
Market benchmark BSE Sensex yesterday rose by 135 points or 0.36 per cent to close at a fresh life-time high while the NSE Nifty breached the 11,400 level powered by gains in banking, energy and telecom stocks.
The 30-share Sensex also hit an all-time high of 37,805.25 in day trade on Monday, breaking its previous intra-day record level of 37,711.87 touched on August 1, as index major Reliance Industries, ICICI Bank and Axis Bank advanced.
The index shed some of the gains before closing up by 135.73 points or 0.36 per cent at 37,691.89, its all-time closing high. Among 30 Sensex scrips, 13 advanced while 17 declined.
The broader NSE Nifty breached the 11,400 level in early trade and touched record intra-day high of 11,427.65 on gains in consumer durables, PSU, metal and auto stocks.
Watch this Zee Business video here:
The 50-issue index finally closed higher by 26.30 points or 0.23 per cent at a historic high of 11,387.10, bettering its previous record close of 11,360.80 hit on Friday.
Fresh buying by domestic institutional investors (DIIs) and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment, brokers said.