Stock Markets Updates: Sensex closed above the 77,000 level on Tuesday
Benchmark Sensex closed above the 77,000 level for the first time, and broader Nifty scaled a fresh peak on Tuesday as key equity indices stayed on the record-breaking run powered by a rally in index majors ICICI Bank, HDFC Bank and Infosys.
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Besides, renewed foreign fund inflows amid a firm trend in global equities boosted investor confidence, traders said.
In a range-bound session, Sensex and Nifty settled at their new closing all-time high levels amid intense demand for realty, consumer durable and utility stocks.
Rising for the third straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77.
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As many as 2,167 stocks advanced while 1,836 declined and 147 remained unchanged on the BSE.
The NSE Nifty went up by 92.30 points or 0.39 per cent to hit a record closing high of 23,557.90 for the fourth straight session. It rallied 113.45 points or 0.48 per cent to hit the new all-time high of 23,579.05 during the day trade.
Among the 30 Sensex companies, Power Grid, Wipro, ICICI Bank, Titan, Mahindra & Mahindra, Axis Bank, HDFC Bank, Infosys, JSW Steel and State Bank of India were the biggest gainers.
In contrast, Maruti, UltraTech Cement, Tata Steel, Tata Motors, ITC and Tata Consultancy Services were among the laggards.
In the broader market, the BSE smallcap gauge jumped 0.96 per cent, and midcap index climbed 0.43 per cent.
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Among the indices, realty jumped 2.11 per cent, utilities (1.05 per cent), telecommunication (1 per cent), consumer discretionary (0.90 per cent), bankex (0.83 per cent), services (0.74 per cent) and capital goods (0.73 per cent).
On the other hand, auto, metal and oil & gas were the laggards.
In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory, while Hong Kong ended lower.
European markets were quoting with gains in mid-session deals. US markets ended higher on Monday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,175.86 crore on Friday, according to exchange data.
Global oil benchmark Brent crude declined 0.27 per cent to USD 84.02 a barrel.
Equity markets were closed on Monday on account of Eid-ul-Adha.
Rising for the third day in a row, the BSE benchmark climbed 181.87 points or 0.24 per cent to settle at 76,992.77 on Friday. The Nifty rallied 66.70 points or 0.29 per cent to 23,465.60.
