Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) surged over 1 per cent to settle at their fresh record highs on Tuesday led by gains in metals, information technology (IT) and pharmaceutical stocks.
The S&P BSE Sensex jumped 662.63 points (1.16 per cent) to end at a fresh record closing high of 57,552.39. During the day, the BSE benchmark had breched the 57,000 level mark for the first time ever and rallied to an intraday lifetime high of 57,625.26.
Likewise, the Nifty 50 climbed 201.15 points (1.19 per cent) to end at an all-time high of 17,132.20. The NSE barometer had earlier breached the 17,000-mark for the first time ever to touch a record high of 17,153.50.
Bharti Airtel was the top gainer of the day on the Sensex pack surging 7 per cent, followed by Bajaj twins – Bajaj Finance and Bajaj Finserv, Asian Paints, Titan Company and Tata Consultancy Services (TCS). On the other hand, Nestle India, IndusInd Bank and Reliance Industries (RIL) were the laggards.
Among the sectoral indices on NSE, the Nifty Metal index surged 1.54 per cent led by Hindalco Industries and Adani Enterprises. The Nifty IT index climbed 1.35 per cent aided by TCS and Tech Mahindra. The Nifty Pharma index rose 0.86 per cent led by Aurobindo Pharma and Cipla.
In the broader market, the S&P BSE MidCap index ended at 23,853.43, up 197.05 points (0.83 per cent) while the S&P BSE SmallCap settled at 26,919.94, up 229.66 points (0.86 per cent).
Going ahead, market participants will look forward to the GDP data for the first quarter (Q1) of the ongoing financial year 2021-22 (FY22) to be released later this evening.
(with inputs from agencies)