New Delhi: Equity indices on Monday continued to hit contemporary peaks led by features in banking and metallic shares. The benchmark BSE Sensex surged 524 factors or 0.86 per cent to 61,830 in late offers; whereas the broader NSE Nifty moved 164 factors or 0.89 per cent greater to 18,502. The 30-share BSE index hit an all-time intraday excessive of 61,962.
Top gainers within the BSE pack included Infosys, Tata Steel, Tech Mahindra, ICICI Bank, Maruti Suzuki India, ITC and Bajaj Finserv with their shares rising as a lot as 3.38 per cent.
On the NSE platform, sub-indices Nifty Metal and Nifty PSU Bank jumped as a lot as 3.84 per cent.
Gaurav Garg, Head of Research, Capitalvia Global Research Ltd, “Indian equity benchmarks hit fresh highs despite weak global clues. The domestic benchmarks were driven by metal stocks. BSE mid-cap and small-cap indices were also trading in green.”
He added, “Domestic sentiments remained positive after the country’s foreign exchanges rose by $2.039 billion to $639.516 billion.” Our analysis
Mr Garg additional prompt, “61,350-61,600 (Sensex) will be an important support level in the market. If the market sustains above 61,600. We can expect the market to trade in the range of 61,600-62,000. Technical indicators also support positivity in the market.”
The Nifty Bank index gained 0.97 per cent in late offers.
Shares of PNB Housing Finance Ltd fell as a lot as 5 per cent to their lowest since early-June after the mortgage lender scrapped a fund-raising take care of a gaggle of buyers, led by private-equity agency Carlyle Group.
Meanwhile, international institutional buyers (FIIs) have been web patrons within the capital market, as they bought shares price Rs 1,681.60 crore, as per change knowledge.