Sensex, Nifty Close At Record Aided By Gains In Banking, Realty, Metal Stocks
India's stock benchmarks closed at record aided by gains in banking, realty, metal stocks aided the advance as the markets shrugged off taper concerns.
The Sensex rose 1.63%, the most single-day gain in eight weeks, to 59,885,36, a record close. The 30-stock index rose to a record 59,957.25 in intraday trade. The Nifty 50 advanced 1.57%, the most single-day gain in four months, to 17,822.95, a record close. The 50-stock index rose to a record 17,843.90 in intraday trade. Reliance Industries Ltd. contributed the most to the index gain, increasing 2.4%. Bajaj Finserv Ltd. had the largest increase, rising 5.1%. Today, 38 of 50 shares rose, while 12 fell.
The broader indices almost mirrored its larger peers with the S&P BSE SmallCap and S&P BSE MidCap, rising 1%. All the 19 sectoral indices compiled by the BSE Ltd. advanced, with S&P BSE Realty index nearly 9% while S&P BSE Bankex added over 2%.
The market breadth was skewed in favour of bulls. About 1,968 stocks advanced, 1,271 declined and 164 remained unchanged.
RBI Buys Rs 15,000 Crore Of Bonds At Operation Twist
India’s central bank bought bonds worth Rs 15,000 crore ($2b) as part of its government securities acquisition program and sold an equivalent amount of short-term notes as planned.
Source: RBI statement.
NSE Nifty Realty Index Up 10%
NSE Nifty 50 Index Hits Record High
The NSE Nifty 50 index hit a record high of 17,795.45 in intraday trade
The 50-stock index had previously hit a record high 17,792.95 on September 17, Friday