Sensex, Nifty Extend Record-Breaking Rally To Third Straight Session

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Benchmark equity indices S&P BSE Sensex and NSE Nifty 50 extended their record-breaking streak to a third straight day on Monday, with investors’ sentiment boosted by news of progress in coronavirus vaccines amid continuous buying of Indian shares by foreign institutional investors. The Sensex rose as much as 379 points to hit an all-time high of 45,458.92 and Nifty 50 index surged as much as 108 points to hit new record high of 13,366.65. HDFC, Hindustan Unilever, ICICI Bank, ITC, Bharti Airtel and Infosys were among the top movers in today’s session.

The Sensex ended 347 points or 0.77 per cent higher to close at an all-time high 45,427 and Nifty 50 index climbed 97 points to settle at record high of 13,356.

Foreign institutional investors on Friday bought shares worth ₹ 2,970 crore after they purchased shares worth ₹ 60,357.67 crore in November. FIIs have so far this year invested ₹ 1,08,244.71 crore in Indian equities, data from NSDL showed.

Buying was visible across the board as all the 11 sector gauges, barring the index of realty stocks, ended higher led by Nifty Media index’s nearly 3 per cent gain. The PSU Bank, FMCG, Pharma and IT indexes also rose 0.65-1.7 per cent each.

Mid- and small-cap shares outperformed their larger peers after the National Stock Exchange revised circuit breakers. Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over a per cent each.

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