Sensex, Nifty Close At Record Highs Led By Gains In Larsen & Toubro, TCS

Sensex, Nifty Close At Record Highs Led By Gains In Larsen & Toubro, TCS

The Indian equity benchmarks closed at record highs on Friday led by gains in Larsen & Toubro, Tata Consultancy Services, HDFC, UltraTech Cement, Kotak Mahindra Bank and Bharti Airtel. The benchmarks edged lower in morning but rebounded later in the day owing to buying at lower levels. The Sensex rose as much as 512 points from the day’s lowest level to hit an intraday high of 56,188, 10 points shy of all-time high of 56,198.13 and Nifty 50 index touched an intraday high of 16,704.65.

The Sensex rose 176 points to close at record high of 56,125 and Nifty 50 index advanced 68 points to close at an all-time high of 16,705.

Ten new shares were added to the futures & options (F&O) segment from today. Can Fin Homes, Dixon Technologies, Hindustan Aeronautics, Indian Energy Exchange, Indiamart Intermesh, IPCA Laboratories, MCX, OFSS, Polycab India and Syngene International were added to F&O segment.

Buying was visible across the board as all the 15 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal index’s 1.6 per cent gain. Nifty Pharma, PSU Bank, Realty, Consumer Durables, Media, IT and Financial Services indexes also rose between 0.45-1.4 per cent.

Mid- and small-cap shares witnessed buying interest as Nifty Midcap 100 index rose 1.06 per cent and Nifty Smallcap 100 index advanced 0.77 per cent.

UltraTech Cement was top Nifty gainer, the stock rose 3.4 per cent to Rs 7,553. Hindalco, SBI Life, Larsen & Toubro, Dr Reddy’s Labs, Sun Pharma, Bajaj Finserv, Grasim Industries, Divi’s Labs, Coal India, Shree Cements and TCS were also among the gainers.

On the flipside, Infosys, IndusInd Bank, Tata Consumer Products, Mahindra & Mahindra, Tech Mahindra, HCL Technologies, Nestle India, HDFC Bank and Eicher Motors were among the losers.

The overall market breadth was positive as 1,919 shares ended lower while 1,283 closed lower on the BSE.

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