BUSINESS

Indian Equity Markets Have A Field Day As Sensex, Nifty Hit Record Highs

Healthy buying in auto, banking and IT stocks. 

16/05/2017 4:51 PM IST | Updated 16/05/2017 4:52 PM IST
Punit Paranjpe / Reuters

MUMBAI -- Positive global cues, along with healthy macro-economic data and expectation of a normal monsoon, lifted the Indian equity markets to record closing as well as intra-day highs on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE), which crossed the 9,500-mark for the first time during the mid-afternoon trade session, provisionally closed at a new high of 9,512.25 points -- up 66.85 points or 0.71 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE gained by 260.48 points or 0.86 per cent, to provisionally close at 30,582.60 points -- a new closing high.

According to market observers, healthy buying was witnessed in automobile, banking and IT stocks.

Both the key indices touched their fresh intra-day highs. The NSE Nifty touched an intra-day high of 9,517.20 points and the BSE sensex of 30,591.55 points.

On 11 May, the benchmark indices touched record intra-day highs, as well as new 52-week highs. The Nifty scaled a new intra-day high of 9,450.65 points and the BSE Sensex of 30,366.43 points.

On May 15, the NSE Nifty rose by 44.95 points or 0.48 per cent to a new closing high of 9,445.85 points. The Sensex closed at a new high of 30,322.12 points -- up 133.97 points or 0.44 per cent.

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