MUMBAI: Domestic fairness benchmarks BSE Sensex and NSE Nifty on Monday closed at every other document highs as buyers continued to cheer the decisive mandate for the Narendra Modi's BJP in the national election.
After rallying just about 400 points, the 30-share index ended 248.57 points, or 0.63 according to cent, upper at 39,683.29 -- its all-time closing top. The gauge hit an intra-day top of 39,821.94 and a low of 39,353.16.
Likewise, the broader NSE Nifty jumped 80.65 points, or 0.68 according to cent, to 11,924.75 -- a closing peak for the index. During the day, the bourse hit a top of 11,957.15 and a low of 11,812.40.
Tata Steel was the most important gainer in the Sensex pack, rallying 5.78 according to cent; followed by way of Yes Bank, NTPC, L&T, Axis Bank, SBI, M&M, HDFC twins, Vedanta, HUL, PowerGrid, ICICI Bank, Kotak Bank, HCL, TCS and ITC, gaining as much as three.79 according to cent.
On the other hand, IndusInd Bank, RIL, Asian Paints, Bharti Airtel, ONGC, Maruti, Bajaj Auto, Tata Motors, Bajaj Finance, Coal India, Hero MotoCorp, Sun Pharma and Infosys ended in the pink, shedding as much as 2.37 according to cent.
The broader BSE midcap and smallcap indices outperformed benchmarks, finishing as much as 1.77 according to cent upper.
According to professionals, the marketplace is witnessing a board-based rally anticipating better outlook for the economy in the next one to 2 quarters, professionals said.
Domestic and foreign buyers have been euphoric ever since Modi-led NDA registered a thumping victory in the Lok Sabha polls.
Foreign institutional buyers bought fairness value Rs 2,026.33 crore on Friday, while domestic institutional buyers sold shares to the music of Rs 195.35 crore, provisional knowledge to be had with stock exchanges confirmed.
Meanwhile, the Indian rupee depreciated marginally to 69.59 towards the US dollar.
Brent crude, the global benchmark, was buying and selling at $67.50 according to barrel, upper by way of 0.04 according to cent.
Globally, bourses in Asia ended on a combined note, while those in Europe were buying and selling in the inexperienced in their respective early offers.
After rallying just about 400 points, the 30-share index ended 248.57 points, or 0.63 according to cent, upper at 39,683.29 -- its all-time closing top. The gauge hit an intra-day top of 39,821.94 and a low of 39,353.16.
Likewise, the broader NSE Nifty jumped 80.65 points, or 0.68 according to cent, to 11,924.75 -- a closing peak for the index. During the day, the bourse hit a top of 11,957.15 and a low of 11,812.40.
Tata Steel was the most important gainer in the Sensex pack, rallying 5.78 according to cent; followed by way of Yes Bank, NTPC, L&T, Axis Bank, SBI, M&M, HDFC twins, Vedanta, HUL, PowerGrid, ICICI Bank, Kotak Bank, HCL, TCS and ITC, gaining as much as three.79 according to cent.
On the other hand, IndusInd Bank, RIL, Asian Paints, Bharti Airtel, ONGC, Maruti, Bajaj Auto, Tata Motors, Bajaj Finance, Coal India, Hero MotoCorp, Sun Pharma and Infosys ended in the pink, shedding as much as 2.37 according to cent.
The broader BSE midcap and smallcap indices outperformed benchmarks, finishing as much as 1.77 according to cent upper.
According to professionals, the marketplace is witnessing a board-based rally anticipating better outlook for the economy in the next one to 2 quarters, professionals said.
Domestic and foreign buyers have been euphoric ever since Modi-led NDA registered a thumping victory in the Lok Sabha polls.
Foreign institutional buyers bought fairness value Rs 2,026.33 crore on Friday, while domestic institutional buyers sold shares to the music of Rs 195.35 crore, provisional knowledge to be had with stock exchanges confirmed.
Meanwhile, the Indian rupee depreciated marginally to 69.59 towards the US dollar.
Brent crude, the global benchmark, was buying and selling at $67.50 according to barrel, upper by way of 0.04 according to cent.
Globally, bourses in Asia ended on a combined note, while those in Europe were buying and selling in the inexperienced in their respective early offers.
Sensex, Nifty hit record highs as rally continues on Modi's return
![Sensex, Nifty hit record highs as rally continues on Modi's return]()
Reviewed by Kailash
on
May 27, 2019
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