Sensex scales fresh peak, ends 152 points higher
Equity benchmark Sensex rose by 152 points to end at a record high on Tuesday, tracking gains in index majors HDFC, Bharti Airtel, and Infosys amid a largely positive trend in global markets. The 30-share index ended 151.81 points or 0.28% higher at its lifetime peak of 54,554.66, while the broader NSE Nifty advanced 21.85 points or 0.13% to 16,280.10.
Here are the top gainers and losers
Bharti Airtel was the top gainer in the Sensex pack, rising around 4% followed by Tech Mahindra, HDFC, Kotak Bank, M&M, and HCL Tech. On the other hand, Tata Steel, NTPC, ITC and PowerGrid were among the laggards.
Financials continued to support the market, arrested sharp fall: Expert
"Domestic equities witnessed high volatility today and benchmark Nifty after recording fresh all-time high fell sharply mainly led by heavy selling pressure in metals, PSU banks, and realty stocks," said Binod Modi, Head Strategy at Reliance Securities. "However, financials (ex-PSU banks) continued to support the market and arrested a sharp fall," he said.
Brent crude rose 1.03% to $69.75 per barrel
Modi said IT stocks remained in focus today as high volatility in the market provided an edge to safer bets like IT companies. Elsewhere in Asia, bourses in Shanghai, Hong Kong, and Tokyo ended with gains, while Seoul was in the red. Equities in Europe were largely trading on a positive note in mid-session deals. International oil benchmark Brent crude rose 1.03% to $69.75/barrel.
