Stock Markets Continue To Rise For Sixth Consecutive Day, With Nifty Reaching A New High

The benchmark Sensex rose by 349 points, while the Nifty reached a new lifetime high on Tuesday, boosted by buying in banks and some FMCG sectors.

In a turbulent session, the 30-share BSE Sensex reversed its early losses and finished at 73,057.40, up 349.24 points, or 0.48 percent. As many as 18 Sensex equities closed in the green, while 12 were in the red.

The NSE’s broader Nifty climbed by 74.70 points, or 0.34 percent, to settle at a new record of 22,196.95. The 50-share index reached a new all-time high of 22,215.60 intraday.

Power Grid, HDFC Bank, Axis Bank, Kotak Bank, IndusInd Bank, and ICICI Bank were among the top gainers in the Sensex.

However, TCS, HCLTech, Infosys, and Wipro all declined in the IT pack.

Asian stocks traded mixed on Tuesday. The Hang Seng in Hong Kong surged by 0.2 percent, the Shanghai Composite increased by 0.4 percent, while South Korea’s Kospi concluded 0.84 percent lower and Japan’s benchmark Nikkei 225 finished 0.1 percent lower.

According to exchange data, foreign portfolio investors (FPIs) sold shares worth Rs 754.59 crore.

On Monday, the Nifty closed at an all-time high of 22,122.25 points, up 81.55 points or 0.37 percent, while the Sensex soared 281.52 points or 0.39 percent to 72,708.16 points.

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