Sensex, Nifty Hit Fresh Record Highs, End With Modest Gains

The Sensex closed at 34,010.61 points - up 70.31 points or 0.21 per cent from Friday's closing high of 33,940.30 points. Stock benchmarks crossed new milestones today, with the Sensex topping 34,000 for the first time and the Nifty hitting a fresh high of 10,515. The BSE market breadth was bullish as 1,662 stocks advanced while 1,085 declined.

The benchmark indices ended the session on a negative note amidst intra-day volatility.

On the NSE, the wider Nifty50 closed higher by 38.50 points or 0.37 per cent at a fresh level of 10,531.50 points. In the last two trading sessions, the stock has surged over 80%. Foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while domestic institutional investors (DIIs) had also purchased equities worth a net Rs 371.53 crore on Friday, as per provisional data.

On the currency front, the Indian rupee weakened by seven paise to close at 64.15 against the USA dollar from its previous close at 64.08. However, the index slipped soon after a brief moment of glory and the broader market was trading flat after the initial half an hour of trading.

Sectorwise, all the sub-indices of the BSE, except the healthcare index, closed in the red.

On the other hand, the S&P BSE banking index fell by 180.78 points, followed by capital goods index by 137.58 points and oil and gas index by 134.23 points.

Yes Bank, Tata Steel, Bajaj Auto, Bosch, Vedanta, GAIL India, Bharti Infratel, UltraTech Cement, Zee Entertainment Enterprises, Asian Paints and Reliance Industries gained 1 to 1.75 percent.

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