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Markets again surge to fresh highs, Sensex sails past 65,400

Markets again surge to fresh highs, Sensex sails past 65,400
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Mumbai: Registering fresh record closing highs for the fourth straight session, Sensex sailed past 65,400 points and Nifty crossed 19,300 points on Tuesday, as foreign fund flows and overall optimism over the economy continued to fuel the market rally.

Besides, unabated foreign fund inflows and heavy buying in financial and IT counters added to the optimism in the equity market.

Rallying for the fifth straight session, the 30-share BSE Sensex jumped 274 points or 0.42 per cent to settle at its all-time closing high of 65,479.05. During the day, the benchmark surged 467.92 points or 0.71 per cent to hit its lifetime intra-day peak of 65,672.97.

The NSE Nifty climbed 66.45 points or 0.34 per cent to end at a fresh record high of 19,389. In the session, it advanced 111.6 points or 0.57 per cent to hit its all-time intra-day peak of 19,434.15.

In the last four sessions of a record-making spree, the blue-chip 30-share Sensex surged more than 1,500 points and the Nifty jumped over 400 points.

Investors’ wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalisation of BSE-listed firms also reached an all-time high of Rs 2,98,57,649.38 crore on Tuesday.

Bajaj Finance was the best performer in the Sensex chart, spurting 7.71 per cent, followed by Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India and ITC. On the other hand, Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, Tata Steel and UltraTech Cement were among the laggards.

In the broader market, the BSE midcap gauge dipped 0.22 per cent while smallcap index ended marginally up by 0.05 per cent.

Among the indices, IT climbed 0.84 per cent, financial services rallied 0.73 per cent, teck advanced 0.54 per cent, consumer durables moved up by 0.37 per cent and FMCG (0.22 per cent).

Telecom declined 1.17 per cent, oil & gas went lower by 0.66 per cent, auto fell by 0.56 per cent, consumer discretionary (0.27 per cent), and commodities (0.20 per cent) were among the laggards.

Global oil benchmark Brent crude climbed 1.15 per cent to $75.51 a barrel.

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