Indian equity markets carried on its positive run on Tuesday’s opening session as both Sensex and Nifty touched lifetime peaks.
At 9:32 am, BSE Sensex was up 163.04 points to touch 41,053.07 while NSE Nifty was up 43.95 points at 12,117.70 points. However, Sensex jumped over 200 points to hit a record high of 41,100.82 in early trade while Nifty scaled a lifetime peak of 12,126.05 at around 9.22 am.
It is worth noting that all Nifty sectoral indices were trading in the green, led by the Nifty Metal Index, which was up 0.8 per cent. Meanwhile, Nifty Bank hit a fresh record by crossing earlier level of 31,783.60.
Among the top gainers in on the indices were Yes Bank, Hindalco, Sun Pharma, RIL, ITC and Asian Paints while the biggest losers were Bharti Airtel, Nestle, Bharti Infratel, Zee Entertainment and Grasim.
Meanwhile, shares of Mukesh Ambani’s Reliance Industries Limited also touched a record high as the company’s market capitalisation (M-cap) nears Rs 10 lakh crore.
Among other things, the rupee also moved up to Rs 71.66 against the US dollar compared to the previous close of Rs 71.73.
While markets have been making positive gains over the past few days, the GDP and fiscal deficit data, which will be released later this week, is expected to have an impact on market operations.
source https://cvrnewsdirect.com/sensex-nifty-hit-lifetime-peaks-as-ril-m-cap-nears-10-lakh-crore-mark/
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