The S&P BSE Sensex and NSE Nifty 50 indexes rose for fifth session in a row on Tuesday and closed at record highs led by gains in banking and financial services shares. The benchmarks staged a gap up opening wherein the Sensex rose as much as 360 points to hit record high of 47,714.55 and Nifty 50 index advanced 95 points to hit an all-time high of 13,967.60. HDFC, ICICI Bank, HDFC Bank, Infosys and Axis Bank were top movers in the Sensex.
The Sensex rose 259 points to close at record high of 47,613.08 and Nifty 50 index advanced 59 points to close at an all-time high of 13,932.60.
Gush of liquidity by foreign investors is lifting the benchmarks to new highs on a daily basis, analysts said. In Monday’s trading session, foreign institutional investors (FIIs) bought shares worth ₹ 1,589 crore. So far this calendar year, FIIs have purchased Indian equities worth $22.21 billion while they have been net sellers in debt markets to the tune of $14 billion, data from NSDL showed.
Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Private Bank index’s 1.55 per cent gain. Nifty Bank, Financial Services, IT and PSU Bank indexes also rose between 0.7-1.4 per cent.
On the other hand, Nifty Metal and Media indexes declined over a per cent each.