Mumbai, July 16 (UNI) In the run-up to general budget, India’s benchmark indices continue to touch new highs everyday as market maintained its rally intact for the third straight session on Tuesday, with BSE Sensex advancing 51.69 points to close at fresh high of 80,716.55.
The National Stock Exchange (NSE) Nifty also moved up 26.30 pts to 24,613. The Nifty registered days high and low at 24,661.25 and 24,587.65 points respectively.
The Sensex opened high at 80,850.41, up 186 points. It surged 234 points at 80,898.30 during intra day, before closing at 80,716.55 up 51.69 points from its previous close. The Sensex touched day’s low of 80,598.06.
The stocks that kept the market strong were Realty by 1.62 per cent, Telecommunications by 0.89 per cent, and Technology by 0.85 per cent.
According to sources in the trading community, the market will continue to anticipate and respond in the run-up to the budget. All expectations are that the budget will be growth oriented and at the same time fiscally prudence.
The Foreign Institutional Investors (FIIs) continue to buy equities in the cash segment. They bought to the tune of Rs 2,685 crore and the Domestic Institutional Investors (DIIs) sold equities worth Rs 331 crore in the last trading session, according to data available.
In 30 scrips index, 18 advanced while 12 declined. The gainers were Hind Unilever by 2.70 percent to Rs 2689.65, Bharti Airtel by 2 percent to Rs 1466, Tech Mahindra by 1.17 percent to Rs 1516.45, Infosys by 1.09 percent to Rs 1725.80 and M & M by 0.95 percent to Rs 2755.95.
The losers were Kotak Bank by 2.11 percent to Rs 1805.20, NTPC by 1.35 percent to Rs 380.45, Reliance Industries by 1.32 percent to Rs 3151.45 and Ultrasemco by 1.23 percent to Rs 11,686.05.
