Tata Steel was the top gainer in the Sensex pack, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries. (representative image)
MUMBAI: Equity benchmark Sensex jumped 145 points to new highs on Monday led by gains in index majors Reliance Industries, Bajaj Finance and Tata Steel.
Despite opening on a bright note, the 30-share index ended 145.29 points or 0.26 per cent higher at 55,582.58. It touched a record high of 55,680.75 for the day.
Similarly, the broader NSE Nifty rose 33.95 points or 0.21 per cent to hit a new high of 16,563.05. During the day, it touched a new intra-day peak of 16,589.40.
Tata Steel was the top gainer in the Sensex pack, rising nearly 4 per cent, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries.
On the other hand, Maruti, Bajaj Auto, PowerGrid ed UltraTech Cement were among the laggards.
Binod Modi, Head Strategy, Reliance Securities, said, “Domestic benchmark indices gained today, while midcap and smallcap stocks remained under pressure.”
Financial services supported the Nifty after a strong rebound in metals. Additionally, a sharp recovery in Reliance Industries following media reports that the $25 billion Aramco deal is at an advanced stage has also supported the benchmark index.
Besides, strong June quarter performance by metal companies and stable pricing in international markets led to a sharp jump in metal stocks, Modi said.
Elsewhere in Asia, shares in Hong Kong, Tokyo and Seoul ended with losses, while Shanghai was positive.
Equities in Europe were also trading on a negative note in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 1.33 per cent to $69.65 per barrel.
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