Markets maintain winning run for 7th day; Sensex reclaims 60k mark
Mumbai: Equity benchmark Sensex climbed over 310 points to reclaim the 60,000 mark on Tuesday, propelled by robust buying in metal, bank and financial stocks amid a firm trend in global equities and continuous foreign capital inflows.
Rising for the seventh straight session, the 30-share BSE Sensex rose 311.21 points or 0.52 per cent to finish at 60,157.72. During the day, it jumped 421.17 points or 0.70 per cent to 60,267.68. As many as 21 stocks in the index ended in the green and nine in the red.
In the seven-day gaining streak, the BSE benchmark has jumped 2,544 points or 4.41 per cent. The broader NSE Nifty gained 98.25 points or 0.56 per cent to settle at 17,722.30. A total of 38 Nifty shares gained, while 12 declined.
“Nifty rose for the seventh consecutive session on April 11 helped by positive global cues. Asian and European markets mostly rose on Tuesday after an Easter break with the focus now turning to the release of US inflation data later in the week,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners.
Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
In the broader market, the BSE smallcap gauge rose 0.62 per cent and the midcap index advanced 0.40 per cent.
Among sectoral indices, metal rallied 1.87 per cent, utilities jumped 1.73 per cent, bankex (1.64 per cent), financial services (1.03 per cent), power (1.03 per cent) and commodities (1 per cent).
Teck, IT, realty, consumer durables, and capital goods were the laggards. In Asian markets, Seoul, Japan and Hong Kong ended in the green, while Shanghai settled lower. European equity markets were trading in positive territory during the afternoon trade. The US markets ended mostly with gains in the overnight session on Monday.
