Nifty spurts to record high

BusinessNifty spurts to record high

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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.

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