Strong market sentiment sent the stock indices to record high as the benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) on Tuesday closed above the 27000-mark for the first time.
Meanwhile, the rupee closed lower against the dollar at 60.68 as compared to 60.53 on Tuesday. The Sensex closed at 27019.39 with a gain of 151.84 points or 0.57 per cent. Among broad-based indices, BSE 100 was up by 0.65 per cent, BSE 200 gained 0.67 per cent and BSE 500 surged by 0.70 per cent.
The rally was led by consumer durables stocks which gained by 2.76 per cent followed by healthcare 1.84 per cent, oil & gas 1.04 per cent, technology 0.76 per cent, realty 0.75 per cent and FMCG 0.74 per cent. However, metal stocks lost the most at 0.80 per cent with power and capital goods closing with a marginal loss of 0.02 per cent and 0.01 per cent respectively.
While mid-cap stocks on BSE gained 0.84 per cent, the small cap was up by 0.91 per cent.
On the National Stock Exchange (NSE) the 50-share Nifty gained 55.35 points or 0.69 per cent to close at 8083.05.
“The rise is reflecting the gains of a combination of few sectors in the economy,” said Deven Choksey, managing director K. R. Choksey Shares & Securities.
He said that the Prime Minister’s visit to Japan has opened up various possibilities for the economy for the growth to come back.
“The likely visit to the U.S. and the visit by China are likely to open up investments in the country,” Mr. Choksey added.
“With steady US bond yields despite ongoing taper and most other central banks in easing mode, the global liquidity is strong and is looking for better investment avenues in emerging markets,” said Harsha Upadhyaya, Chief Investment Officer - Equity, Kotak Mutual Fund, while talking on foreign fund flows to the country.
>PTI report: Sensex, Nifty touch record highs
