The benchmark Sensex today rose 121 points to end at a new peak of 26,147.33 extending its winning run to seventh session, its longest since September 2012, boosted by gains in IT and banking bluechips on upbeat earnings, higher capital inflows and positive global cues.
The NSE Nifty barometer rose 27.90 points, or 0.36 per cent, to end at yet another record close of 7,795.75. The Nifty also hit new all-time intra-day peak of 7,809.20, surpassing its previous record of 7,808.85 hit on July 8.
Software giant TCS attained a market valuation of over Rs 5 lakh crore for the first time, helped by a 2.21 per cent rally in the stock. Infosys was the best gainer today among the 30-share Sensex as it jumped nearly 3.5 per cent. Its peer, Wipro inched up by 1.9 per cent.
“Selective buying in index heavyweights and particularly IT sector maintained buying momentum on the bourses,” said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
In seven straight days of gains, including 121.53 points or 0.47 per cent today, Sensex has gained 1,140.35 points to surpass previous record peak of 26,100.08 (July 7). This is its longest string of gains since September 12 when it saw nine consecutive session of upmove.
The 50-share Nifty has also extended its rise to the seventh day, its longest run since May 2014.
Brokers said expectations of the government accelerating economic reforms also triggered buying by foreign investors.
In the banking space, ICICI Bank and SBI witnessed good buying. Stocks of Bank of Baroda climbed after RBI lifted a ban imposed on foreign investors to buy shares as the foreign shareholding under portfolio investment scheme (PIS) in the bank has gone below prescribed limit.
Sectorally, the BSE IT sector index rose the most by rising 2.24 per cent, followed by Teck index 1.74 per cent, Consumer Durables index 0.37 per cent and Banking index 0.24 per cent.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 412.03 crore yesterday, as per provisional data from the stock exchanges.