Sensex, Nifty set new record highs
Soaring Stocks: Key indices settle at all-time highs for 4th consecutive session on unabated FPI inflows, bullish investor sentiment
image for illustrative purpose
Mumbai Registering fresh record closing highs for the fourth straight session, Sensex sailed past 65,400 points and Nifty crossed 19,300 points on Tuesday, as foreign fund flows and overall optimism over the economy continued to fuel the market rally. Besides, unabated foreign fund inflows and heavy buying in financial and IT counters added to the optimism in the equity market.
Rallying for the fifth straight session, the 30-share BSE Sensex jumped 274 points or 0.42 per cent to settle at its all-time closing high of 65,479.05.
During the day, the benchmark surged 467.92 points or 0.71 per cent to hit its lifetime intra-day peak of 65,672.97. The NSE Nifty climbed 66.45 points or 0.34 per cent to end at a fresh record high of 19,389. In the session, it advanced 111.6 points or 0.57 per cent to hit its all-time intra-day peak of 19,434.15.
In the last four sessions of a record-making spree, the blue-chip 30-share Sensex surged more than 1,500 points and the Nifty jumped over 400 points.
“The market is maintaining its optimism; however, a profit-booking tendency is visible at the upper band as the recent rally has raised the market to the historic new high range. The momentum of the market has shifted from the frontlines of this year to the laggards like IT, commodities, and PSUBs,” said Vinod Nair, Geojit Financial Services.
