The two key equity benchmarks, Sensex and Nifty, on Monday extended their winning streak into fourth straight day as investors lapped up shares of PSU banks and metals, and index heavyweights tracking positive global sentiment.
The S&P BSE Sensex closed at a new fresh high of 65,205, surging 486 points. The index hit an intra-day record high of 65,248. On the other hand, the Nifty50 jumped 133 points to shut shop at 19,322. Nifty scaled an all-time high of 19,345 during the intra-day trade.
On the 30-share Sensex platform, Reliance, ITC, Bajaj Finance, SBI, HDFC, UltraCemco were among the lead gainers. On the downside, PowerGrid, Sun Pharma, Maruti, L&T, TCS, Nestle emerged losers.
In the broader market, the BSE Midcap index up 0.3 per cent and Smallcap index rose 0.5 per cent.
Among sectors metal, oil & gas, FMCG and PSU Bank up 1-3 per cent, while Information Technology and Pharma indices down 0.5-1 per cent.
In the previous session on Friday, Sensex ended with a solid gain of 803 points at 64,719, while the NSE Nifty 50 closed 217 points stronger at 19,189.
GST collections crossed Rs 1.60 lakh crore mark for the fourth time since the roll-out of the indirect tax regime, rising 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.
“Sentiments of investors are reinforced by positive domestic data and optimistic global cues. Global market was supported by resilient economic data, avoiding the possibility of a recession. India’s stock market trend was broad-based, owing to the outperformance from energy, financial, metal, and FMCG sectors,” said Vinod Nair, Head of Research at Geojit Financial Services.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong ended in the green. Equity markets in Europe were trading in the positive territory. The US markets ended significantly higher in the overnight trade on Friday.
Global oil benchmark Brent crude climbed 0.97 per cent to $76.14 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 6,397.13 crore on Friday, according to exchange data.
Meamwhile, the rupee appreciated by 15 paise to close at 81.95 (provisional) against the US dollar on Monday, as sustained foreign fund inflows and a bullish trend in domestic equities strengthened investor sentiments.
At the interbank foreign exchange market, the local unit opened at 82.01 against the US dollar and settled at 81.95 (provisional), up 15 paise over its previous close amid a rally in domestic equities, wherein benchmark indices witnessed record high levels.
During the day, the domestic unit witnessed an intra-day high of 81.76 and a low of 82.01. On Friday, the rupee closed at 82.10 against the US currency.