Sensex Closes At Record High; Nifty Settles Above 11,700
Closing Bell: Sensex Extends Gain For The Fourth Day In A Row To Close At Record High
Indian equity benchmarks extended gains for the fourth consecutive trading session.
The S&P BSE Sensex ended 0.48 percent higher to close above 39,000 for the first time. The NSE Nifty 50 settled above 11,700 after gaining 0.38 percent. The broader market index represented by the NSE Nifty 500 Index ended 0.19 percent higher.
The market breadth, however, was tilted in favour of sellers. About 899 stocks fell and 826 shares advanced on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index’s 2.3 percent rally. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.87 percent.
Bajaj Finserv Surges To Record
Shares of Bajaj Finserv extended gains for the third consecutive trading session and rose as much as 1.7 percent to hit an all-time high at Rs 7,277.80.
Stocks Moving On Heavy Volumes
- Stock rose as much as 5.9 percent to Rs 105.90.
- Trading volume was more than nine times its 20-day average.
Crompton Greaves Consumer
- Stock fell as much as 6.4 percent to Rs 215.80.
- Trading volume was more than quadruple its 20-day average.
Bajaj Holdings & Investment
- Stock rose as much as 2.9 percent to Rs 3,450.
- Trading volume was more than 14 times its 20-day average.
- Stock rose as much as 6.9 percent to Rs 558.
- Trading volume was more than triple its 20-day average.
Bharat Road Network
- Stock rose as much a 20 percent to Rs 12.20
- Trading volume was nearly double its 20-day average.
- Stock rose as much as 20 percent to Rs 3.30.
- Trading volume was more than 11 times its 20-day average.
Tata Motors Near Six-Month High
Shares of Tata Motors extended gains for the fourth consecutive trading session and rose as much as 6.7 percent to trade near a six-month high.
European Shares Hold Steady Amid Continued Brexit Crisis Talks
Europe’s stocks were little changed in early trading as U.K. Prime Minister Theresa May prepares to hold five hours of crisis talks on Brexit and European Union governments struggle to reach consensus on a mandate to begin trade talks with the U.S.