BSE Sensex, NSE Nifty break records as markets rise for 6th straight day

By: Press Trust of India | Mumbai | Published:August 19, 2014 11:02 pm
BSE Sensex ends about 30 pts higher at fresh closing peak of 26,420.67; intra-day hits new high of 26,530.67. BSE Sensex ends about 30 pts higher at fresh closing peak of 26,420.67; intra-day hits new high of 26,530.67.

Surging for the sixth straight session, the benchmark BSE Sensex today rose about 30 pts to new closing peak of 26,420.67 and the Nifty edged up 23 points to end at a record 7,897.50 following across-the-board gains on positive domestic and global cues.

This is the second day in a row that broader indices have logged new life-time highs and concluded at fresh peaks. Yesterday, they rose over 1 per cent each on oil price drop, lower inflation data and PM Narendra Modi’s pledge to boost manufacturing and infrastructure in his August 15 speech.

The 30-share Sensex opened on a strong footing and rose quickly to new intra-day high of 26,530.67 points as buying momentum picked up. It settled for the day at 26,420.67, a new record at closing, by gaining 29.71 points or 0.11 per cent.

Its previous record close of 26,390.96 and intra-day high of 26,413.11 was witnessed yesterday. The gauge has now gathered over 1,090 points in six straight sessions.

Of the 30 Sensex scrips, 19 today rose, while 11 ended lower. Auto, realty, power, oil and gas, capital goods, PSU and healthcare shares were in demand, while IT sector counters faced some pressure, brokers said.

The NSE Nifty, comprising 50 shares, after breaching the 7,900-mark for the first time ever, closed the session 23.25 points, or 0.30 per cent, higher at new record high of 7,897.50 — crossing its previous record high of 7,874.25.

The broader index touched intra-trade record high of 7,918.55 points, surpassing previous record of 7,880.50 touched in yesterday’s trade.

Brokers said encouraging Q1 earnings, easing of geo-political tensions, continued fund flows and weak crude prices, hovering at 14-month low have buoyed trading sentiments. Besides, hopes that government will take more steps to strengthen economy also triggered buying by foreigners, they said.

However, profit-booking at record levels towards the fag-end, trimmed gains in several stocks and pulled down the Sensex and Nifty from life-time highs, traders said.

Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 473.42 crore yesterday as per provisional data.

Sectorwise, the BSE Auto index rose the most by climbing 2.25 per cent, followed by Realty index rose 1.63 per cent, Power index 1.25 per cent, Capital Goods 1.11 per cent and PSU index 1 per cent. Midcap index ended 1.10 per cent higher and the Smallcap barometer by 1.21 per cent.

BSE Sensex, NSE Nifty hit second consecutive record high on inflows, oil; Tata Motors surges

(Reuters) BSE Sensex rose to its second consecutive record high on Tuesday as blue-chips such asTata Motors gained on positive institutional inflows, while oil retailers surged, tracking Brent crude prices, which hovered near 14-month lows.

The broader NSE index rose as much as 0.56 percent to 7,918.55, while the benchmark BSE index gained as much as 0.53 percent to 26,530.67, surpassing their previous all-time highs hit on Aug. 18.

Tata Motors rose 3.3 percent, while Larsen & Toubro (L&T) ended 0.9 percent higher.

Among oil retailers, Hindustan Petroleum Corporation Ltd (HPCL) rose 2.1 percent, whileBharat Petroleum Corporation Ltd (BPCL) surged 3.9 percent.

The broader NSE Nifty index gained 0.24 percent, rising for the sixth consecutive session, its longest winning streak since July 24 when it rose for eight sessions.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results