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Sensex, Nifty Close At Record Highs For Seventh Straight Session Infosys, Reliance Industries

Sensex, Nifty Close At Record Highs For Seventh Straight Session

The Indian fairness benchmarks closed at document highs for seventh straight session on Monday led by beneficial properties in Reliance Industries, Infosys, HCL Technologies, HDFC, Hindustan Unilever and Tech Mahindra. The Sensex rose as a lot as 386 factors to hit document excessive of 58,515.85 and Nifty 50 index touched an all-time excessive of 17,429.55.

The Sensex superior 167 factors to shut at document excessive of 58,207 and Nifty 50 index climbed 54 factors to shut at an all-time excessive of 17,378.

“Nifty 50 index witnessed some lacklustre movement and it failed to hold important psychological level of 17400. It is going to be crucial for Nifty to sustain above 17,250 in the short-term to test higher levels of 17,450-17,500. The momentum indicators like RSI and MACD are indicating positive outlook to continue,” stated Ashis Biswas, head of technical analysis at CapitalVia Global Research.

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