Shares of Sensex, Nifty Auto and Banking stocks closed at record highs

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Shares of Sensex, Nifty Auto and Banking stocks ended at record highs

Tata Motors, HDFC Bank, ICICI Bank, ITC, Kotak Mahindra Bank, HDFC, Maruti Suzuki and State Bank of India gained for the third consecutive session. The Sensex was up 417 points at 60,476.13 and the Nifty 50 was above the key psychological level of 18,000 for the first time, reaching a high of 18,041.95.

The Sensex was up 77 points at a high of 60,136 and the Nifty 50 was up 51 points at 17,946.

“Nifty index crosses 18,000 levels indicates bullish continuation in Indian markets. Global references point to increasing risks, but there are strong positive sentiments domestically. Said Mohit Ralhan, Managing Partner and Chief Investment Officer, TIW PE.

With the exception of the IT stocks index compiled by the National Stock Exchange, all 15 sectoral benchmarks ended higher, making the buy visible throughout. The Nifty Auto Index topped the list with a gain of nearly 3%. Nifty banking, financial services, media, metals and realty sector benchmarks also rose by 1.3-2.6 per cent.

Medium and small cap stocks also saw buying interest as the Nifty Midcap 100 Index was up 0.6 per cent and the Nifty Small Cap 100 Index was up 1.13 per cent.

Tata Motors Nifty topped the list with gains of 9 per cent, hitting a 52-week high of Rs. Was 417.80. However, the company warned that retail sales of the Jaguar Land Rover would be suspended for three months ending September 2021 due to the impact of the global semiconductor shortage.

Coal India rose 4.35 per cent amid reports of coal shortages in the country. Maruti Suzuki, Power Grid, Grasim Industries, Hindalco, ONGC, NTPC, ITC, State Bank of India, Kotak Mahindra Bank and HDFC Bank rose 2-3.4 per cent.

On the upside, TCS fell 6 per cent to Rs. Ended at 3,687. Tech Mahindra, Infosys, HCL Technologies, Britannia Industries, Wipro, HDFC, Reliance Industries and Bharti Airtel are among the losers.

The overall market width was positive as 1,952 shares ended higher and 1,481 shares ended lower on the BSE.



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