sensex and smelly The stock closed at fresh life’s highest on Tuesday amid a largely firm trend in other Asian bourses and steady foreign fund inflows. The 30-share BSE Sensex closed at 62,681.84, up 177.04 points or 0.28 per cent, its fresh record high. During the day, it jumped 382.6 points, or 0.61 per cent, to its lifetime high of 62,887.40.
The broader NSE Nifty ended 55.30 points, or 0.30 per cent, higher at 18,618.05, its fresh record high.
“While the winning streak continued and major benchmarks scaled new highs, investors traded with caution in a slightly volatile market. There have been concerns over growing opposition in China to the imposition of a stricter lockdown, prompting markets to fear it could hurt an already slowing global economy.
“If the situation does not improve, it may impact the market. but since India As we are in a slightly better position as compared to other major economies, investors are ready to place bigger bets on us,” said Shrikant Chauhan, head of equity research (retail), Kotak Securities Ltd.
In the Sensex pack, Hindustan Unilever, Sun Pharma, Nestle, Dr Reddy’s, Tata Steel, ICICI Bank, Titan and HCL Technologies were the major gainers.
IndusInd Bank, Bajaj Finserv, Maruti, Power Grid and Larsen & Toubro were among the major laggards.
“Indian markets opened on a positive note following positive overall Asian markets… Markets continued their positive trend with heavy buying in FMCG and consumer durables stocks during the afternoon session.
Narendra Solanki- Head Fundamental Research-Investment Services, Anand Rathi said, “The sentiments remain optimistic as data shows that foreign portfolio investors have invested Rs 32,344 crore in Indian equity markets in the month of November so far and then have become net buyers since. Shares and Stock Brokers.
In the broader market, the BSE Midcap gauge declined by 0.39 per cent and the Smallcap index by 0.29 per cent.
In the sectoral index, FMCG jumped 1.73 per cent, metal (0.57 per cent), consumer durables (0.58 per cent) and healthcare (0.54 per cent).
Consumer Discretionary, Energy, Industrials, Telecom, Auto, Bankex and Services were the laggards.
In other Asian markets, Seoul, Shanghai and Hong Kong closed with gains, while Tokyo closed with losses.
Equity exchanges in Europe were mostly trading lower in afternoon trade. Wall Street closed in negative territory on Monday.
International oil benchmark Brent crude was trading 2.45 per cent higher at $85.23 per barrel.
Foreign institutional investors (FIIs) bought shares worth Rs 935.88 crore on Monday, according to exchange data.
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