Benchmark Nifty scaled a fresh record closing high, up 41 points on renewed buying mainly in realty, PSU banks, pharma, energy, infra and auto sectors amid firmness in most global markets.
Investors remained bullish driven by gains in state-owned lenders as the government recapitalisation plan continued to lift sentiment, while energy stocks gained on higher crude prices.
Globally, most European stocks were trading higher as investors eye news about the next Federal Reserve Chair.
Asian stocks were trading on a mixed note as investors awaited announcement on who will helm the US Federal Reserve.
The NSE Nifty opened higher at 10,353.85 and touched a intra-day all-time high of 10,384.50 after falling lower to 10,344.30 and finally settling at 10,363.65, a fresh record closing high, rise of 40.60 points, or 0.39 per cent.
It saw an intra-day movement of about 40.20 points.
The Nifty midcap and the Nifty smallcap also put a great show, they outperformed the benchmark indices with gains of 1.11 per cent and 1.62 per cent, respectively.
On the sectoral front most of the sector indices ended in a positive territory, realty rose by 2 per cent, PSU banks 1.22 per cent, pharma 1.09 per cent, energy 1.01 per cent, infra 0.98 per cent, auto 0.96 per cent, banks 0.60 per cent, financial service 0.43 per cent and private banks 0.47 per cent.
However, FMCG, IT and metal fell by 0.69 per cent, 0.07 per cent and 0.03 per cent, respectively.
Major index gainers were Yes Bank, Lupin, InfraTel, TechM, Dr Reddy, Eicher Motors, Tata Motors and Reliance.
Losers included Hcl Tech, Hindunilever, ITC, Wipro, Tata Steel, Bajaj Finance and Adaniports.
The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 1,150 stocks advanced, 603 declined and 64 stocks remained unchanged.
Total securities that hit their price bands were 159.
Turnover in the cash segment fell to Rs 32,986.81 crore from Rs 36,941.62 crore last Friday.
A total of 15,629.19 lakh shares changed hands in 11,015,957 trades. The market capitalisation of listed firms on NSE stood at Rs 1,42,03,668.24 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
