Mumbai: Indian equity indices settled at their fresh closing highs on Tuesday, December 5. This is for second day in a row that the benchmark indices are ending at record highs. With this, both the indices extended their winning streak into the sixth consecutive session. As per market experts, the gains led by banking and energy stocks, strong macro numbers and BJP’s victory in the three large states are the main reason for the upward rally.
NSE Nifty closed at 20,855.10, up 168.30 points, or 0.81%. BSE Sensex ended at 69,296.14, up 431.02 points, or 0.63%. The ealth of Indian equity investors surged Rs 3 lakh crore in a day.
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About 1611 shares advanced, 1833 shares declined, and 99 shares remained unchanged. Top gainers were Adani Enterprises, Adani Ports, Power Grid Corporation, NTPC and SBI. Top losers were LTIMindtree, HCL Technologies, Divis Labs, HUL and Bajaj Auto.
Mixed trend was seen on the sectoral front with Power index up 6%, oil & gas index up nearly 2%, Bank index up 1%, while Information Technology and Realty indices down 0.5% each. BSE midcap and Smallcap indices ended with marginal gains.
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