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Sensex, Nifty Extend Record-Breaking Rally To Third Straight Session

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Sensex, Nifty Extend Record-Breaking Rally To Third Straight Session

Benchmark fairness indices S&P BSE Sensex and NSE Nifty 50 prolonged their record-breaking streak to a 3rd straight day on Monday, with buyers’ sentiment boosted by information of progress in coronavirus vaccines amid steady shopping for of Indian shares by international institutional buyers. The Sensex rose as a lot as 379 factors to hit an all-time excessive of 45,458.92 and Nifty 50 index surged as a lot as 108 factors to hit new report excessive of 13,366.65. HDFC, Hindustan Unilever, ICICI Bank, ITC, Bharti Airtel and Infosys have been among the many prime movers in right this moment’s session.

The Sensex ended 347 factors or 0.77 per cent increased to shut at an all-time excessive 45,427 and Nifty 50 index climbed 97 factors to settle at report excessive of 13,356.

Foreign institutional buyers on Friday purchased shares value Rs 2,970 crore after they bought shares value Rs 60,357.67 crore in November. FIIs have to date this yr invested Rs 1,08,244.71 crore in Indian equities, information from NSDL confirmed.

Buying was seen throughout the board as all of the 11 sector gauges, barring the index of realty shares, ended increased led by Nifty Media index’s almost Three per cent acquire. The PSU Bank, FMCG, Pharma and IT indexes additionally rose 0.65-1.7 per cent every.

Mid- and small-cap shares outperformed their bigger friends after the National Stock Exchange revised circuit breakers. Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over a per cent every.

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UPL was prime Nifty gainer; the inventory rose 4.56 per cent to shut at Rs 476. Adani Ports, Hindustan Unilever, Bharti Airtel, ITC, GAIL India, Coal India, HDFC, Dr Reddy’s Labs, State Bank of India and IndusInd Bank additionally rose 2-3.6 per cent every.

On the flip aspect, SBI Life, Nestle India, Kotak Mahindra Bank, JSW Steel, Tata Steel, Bajaj Finance, Maruti Suzuki, HDFC Bank, UltraTech Cement, Titan and Hindalco have been among the many losers.

Among particular person shares, ONGC rose Three per cent to shut at Rs 92.60 after the corporate on Friday knowledgeable inventory exchanges that its abroad arm ONGC Videsh Limited (OVL) struck oil at its onshore block in Colombia. “The National Oil Company of India has made a significant strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin. OVL is operator in the block with 70 per cent stake along with its partner Geopark (30 per cent stake) an independent oil and gas company focused in Latin America,” ONGC mentioned in a press launch.

The total market breadth was extraordinarily optimistic as 2,037 shares ended increased, whereas 935 closed decrease on the BSE.

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