Sensex, Nifty scale record closing highs – Times of India

NEW DELHI: Fairness indices scaled yet one more closing excessive on Monday with the benchmark BSE sensex rising over 450 factors led by positive aspects in metallic, financial institution shares.
After scaling an intra-day excessive of 61,963, the 30-share BSE index jumped 460 factors or 0.75 per cent to complete at contemporary file of 61,766.
Whereas, the broader NSE Nifty settled 138 factors 0.76 per cent larger at new peak of 18,477.
Infosys was the largest gainer within the sensex pack rising as a lot as 4.47 per cent adopted by Tech Mahindra, Tata Metal, ICICI Financial institution and ITC.
Whereas M&M, HCL Tech, Dr Reddy’s, Asian Paints, Bajaj Auto and HDFC Financial institution had been the key losers falling as much as 2.24 per cent.
The Nifty Metals index surged 3.9 per cent, led by a 15 per cent leap in Hindustan Zinc, as international zinc costs spiked on manufacturing cuts.
The Nifty Power index rose 1.9 per cent after crude costs hit their highest in years.
Additional, Nifty PSU Financial institution index gained almost 4 per cent after India’s largest private-sector lender HDFC Financial institution rose over 2 per cent to a file excessive after reporting a 17.6 per cent leap in September-quarter revenue over the weekend.
Actual property developer Indiabulls Actual Property rose as a lot as 6.43 per cent after it reported a quarterly internet revenue in opposition to a loss final 12 months.
“Whereas some commodity costs have cooled down, sure metals like zinc, aluminum and copper are surging. Crude costs have additionally hit multi-year 12 months highs. For now, producers will seemingly profit from this surge,” AK Prabhakar, head of analysis at IDBI Capital informed information company Reuters.
In the meantime, international institutional buyers (FIIs) had been internet patrons within the capital market, as they bought shares price Rs 1,681.60 crore, as per trade information.
(With inputs from companies)

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