Sensex, Nifty End At Record Highs For Third Straight Day Led By Reliance

The Indian fairness benchmarks closed at file highs for third day in a row led by beneficial properties in index heavyweights Reliance Industries, ITC, HDFC Bank, Bharti Airtel and Tata Steel. The Sensex rose as a lot as 347.7 factors to hit an all-time excessive of 54,717.24 and Nifty 50 index touched file excessive of 16,349. For most a part of the day, benchmarks traded in a slim band however moved greater in afternoon buying and selling led by sturdy strikes in ITC and Reliance Industries whereas many of the sectors traded on a subdued be aware.

The Sensex superior 123 factors to shut at file excessive of 54,492.84 and Nifty 50 index rose 36 factors to finish at an all-time excessive of 16,294.60.

Eight of 11 sector gauges compiled by the National Stock Exchange ended decrease led by the Nifty PSU Bank index's over 2 per cent fall as traders booked earnings in State Bank of India after it surged to file excessive after posting highest ever quarterly revenue. Realty, Pharma, Media, Bank, Financial Services and Auto indices additionally fell as much as 1 per cent.

On the opposite hand, FMCG, metallic and data expertise indices ended greater.

Mid- and small-cap shares underperformed bigger friends as Nifty Midcap 100 index ended on a flat be aware whereas Nifty Smallcap 100 index dropped 0.5 per cent.

Bharti Airtel was prime Nifty gainer, the inventory rose practically 4 per cent to shut at Rs 574. Eicher Motors, ITC, Tech Mahindra, JSW Steel, Tata Steel, Tata Consumer Products and Reliance Industries additionally rose between 1-2 per cent.

On the flipside, State Bank of India, IndusInd Bank, ICICI Bank, Bajaj Finance, Bajaj Finserv, NTPC, UPL, Grasim Industries and ExtremelyTech Cement had been among the many losers.

The general market breadth was adverse as 2,031 shares ended decrease whereas 1,197 closed greater on the BSE.