Nifty spurts to record high

BusinessNifty spurts to record high

Date:

Nifty spurts to record high

Mumbai: A strengthening rupee and a declining trend in COVID-19 cases in the country shored up investor confidence, traders said.

After a choppy session, the NSE Nifty ended 36.40 points or 0.24 per cent higher at its new closing peak of 15,337.85. Its previous closing record was 15,314.70, hit on February 15 this year.

The 30-share BSE Sensex ended 97.70 points or 0.19 per cent higher at 51,115.22.

Banking, IT and energy stocks accounted for most of the gains.

SBI was the top performer in the Sensex pack, jumping 2.84 per cent, followed by Kotak Bank, Axis Bank, Bajaj Auto, UltraTech Cement, Nestle India and PowerGrid.

On the other hand, HDFC, Bajaj Finance, ONGC, Bharti Airtel, HUL and Maruti were among the laggards, shedding up to 2.38 per cent.

“Domestic equities remained resilient and traded in a range amid futures and options (F&O) expiry led volatility,” said Binod Modi, Head-Strategy at Reliance Securities.

Share post:

Subscribe

Popular

More like this
Related

What Is a Recession? Explained Simply

Whenever economies slow down, news reports often mention the...

‘Operation Tiger’ Successful, Says Fadnavis as Two Shiv Sena (UBT) MPs Confirm Switch to Shinde Camp

Maharashtra Chief Minister Devendra Fadnavis on Sunday declared "Operation...

Fully Fit Neeraj Chopra Returns to Action, Eyes Strong Start at Doha Diamond League

Olympic champion Neeraj Chopra is finally back in action...

Tamil Nadu Assembly Follows Tradition, Begins With Tamil Anthem and Ends With National Anthem

The Tamil Nadu Assembly on Thursday followed its long-standing...