Stock Market Keeps Rising; Early Trading Sees Nifty Reach A New Record High

Equity benchmark indices extended their winning streak in early trade on Tuesday, with the Nifty hitting a new all-time high amid an upbeat trend in global markets, ongoing foreign capital inflows, and good macroeconomic data.

In early trade, the 30-share BSE Sensex rose 96.15 points to 70,024.68. The Nifty gained 34.40 points to a record level of 21,031.50.

Tata Steel, Mahindra & Mahindra, ITC, JSW Steel, UltraTech Cement, and Bajaj Finance were the top gainers on the Sensex.

Among the laggards were Bharti Airtel, Infosys, Larsen & Toubro, and Maruti.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong are all trading in positive territory.

On Monday, the US markets finished higher.

On Tuesday, Brent crude climbed 0.32 percent to USD 76.27 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,261.13 crore on Monday.

On Monday, the BSE benchmark broke beyond the 70,000 level for the first time, achieving a record intra-day high of 70,057.83. It closed at 69,928.53, a gain of 102.93 points or 0.15 percent.

The Nifty went up 27.70 points or 0.13 percent to close slightly below 21,000 at 20,997.10, its all-time high.

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