Sensex jumps over 150 points to new high
Equity benchmarks Sensex and Nifty set fresh intra-day records in early trade on Monday, tracking gains in heavyweights Reliance Industries, ICICI Bank and HDFC. The BSE 30-share index was trading 142.85 points or 0.27 per cent higher at 53,067.89 after touching a high of 53,126.73 in opening deals.
Similarly, the broader NSE Nifty was trading 42.25 points or 0.27 per cent higher at 15,902.60. It touched a lifetime intra-day peak of 15,915.65 in the opening session.
Asian Paints was the top gainer in the Sensex pack, rising over 1 per cent, followed by Dr Reddy’s, NTPC, Axis Bank, Sun Pharma, Kotak Bank, ICICI Bank and Reliance Industries.
On the other hand, Titan, TCS, UltraTech Cement, Bharti Airtel and L&T were among the laggards.
In the previous session, the 30-share index Sensex was up 226.04 points or 0.43 per cent at 52,925.04 and Nifty was up 69.90 points or 0.44 per cent at 15,860.35.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 678.84 crore on Friday, according to provisional exchange data.
According to Binod Modi, Head of Strategy at Reliance Securities, the domestic markets are looking marginally good right now.
“The sharp fall in the daily caseload and satisfactory pace of vaccination process eased concerns emerging from higher crude oil prices and a weaker rupee,” he said, adding that the better-than-expected 4QFY21 earnings performance of companies also supported the market’s rally. has endorsed.
Elsewhere in Asia, shares in Shanghai, Seoul and Tokyo were trading with losses in mid-session deals.
Meanwhile, international oil benchmark Brent crude was trading 0.17 per cent lower at $75.25 per barrel.
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