Mumbai, July 15 (UNI) In line with global trend, India’s benchmark indices continued their bullish trend as the BSE Sensex closed at a new peak at 80,664.86, rising 145.52 points following gains in oil and gas, energy, and real estate.
The National Stock Exchange (NSE) Nifty also gained 84.55 points to end the day at 24,586.70.
The market remained in green throughout the session Monday as the Sensex opened at 80,686.54, up 167 points with gains in IT stocks amid optimism of demand recovery and interest rate cut in the US. As the day progressed it spiked 343 points at 80,862.54 days high before closing at 80,664.86, up 145.52 points from its previous close.
The stocks that kept the market in green were oil and gas up 2.32 percent, energy up 1.61 percent, real estate 1.40 percent, and utilities up 1.09 percent.
The NSE registered days high and low at 24,635.05 and 24,522.75 points, respectively. The mid cap rose by 0.95 per cent and the small cap by 0.21 per cent.
The Foreign Institutional Investors (FIIs) bought equities in the cash segment worth Rs 4,021 crore while the Domestic Institutional Investors (DIIs) sold to the tune of Rs 1,651 crore in the last trading session, according to data available.
Sources in the trading community said that market is witnessing a positive rally ahead general budget, first by the Modi 3.0 government amidst hopes that budget will be pro growth
In 30-scrips index , 18 advanced while 12 declined. The gainers were SBI by 2.55 per cent to Rs 881.60, NTPC by 2.23 per cent to Rs 385.65, Ultracemco by 1.98 per cent to Rs 11831.15, M&M by 0.96 per cent to Rs 2730.15, and ITC by 0.83 per cent to Rs 462.80.
The losers were Asian Paints by 1.44 per cent to Rs 2956.45, Tata Steel by 1.13 per cent to Rs 166.80, Axis Bank by 0.76 per cent to Rs 1307.75, and JSW Steel by 0.44 per cent to Rs 930.30.
