new delhi ,june 7
Equity benchmark Sensex jumped 228 points to its fresh lifetime high on Monday, tracking gains in index heavyweights Reliance Industries, TCS and ICICI Bank.After starting on a tepid note, the 30-share BSE index rose 228.46 points or 0.44 per cent to finish at its all-time high of 52,328.51.Similarly, the broader NSE Nifty surged 81.40 points or 0.52 per cent to a record 15,751.65.PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank.On the other hand, Bajaj Finance, Bajaj Finserv, HDFC and Dr Reddy’s were among the laggards.
“Domestic equities extended gain with benchmarks recording fresh all-time highs as sharp decline in daily caseload and states started easing business curb lifted sentiments,” said Binod Modi, Head – Strategy at Reliance Securities.A sharp rebound was seen in private banks, auto and IT which supported market, while metals and pharma witnessed profit booking.He further noted that midcap and smallcap stocks were again in focus as investors appeared to be lapping up these counters in the backdrop of improved visibility of earnings recovery.Elsewhere in Asia, bourses in Shanghai, Tokyo and Seoul ended with gains, while Hong Kong was in the red.Stock exchanges in Europe were largely trading with losses in mid-session deals.International oil benchmark Brent crude was trading 0.58 per cent lower at USD 71.47 per barrel.Equity benchmark Sensex jumped over 150 points on Monday tracking gains in index heavyweights ICICI Bank, ITC and SBI amid sustained foreign fund inflow and mixed cues from global markets.After jumping nearly 180 points in the opening session, the 30-share BSE index turned flat to trade 20.04 points or 0.04 per cent higher at 52,120.09 in initial deals. Similarly, the broader NSE Nifty advanced 29.20 points or 0.19 per cent to 15,699.45.PowerGrid was the top gainer in the Sensex pack, rising over 1 per cent, followed by L&T, NTPC, ONGC, ITC, SBI, Bajaj Auto and ICICI Bank.On the other hand, Bajaj Finserv, HDFC, Asian Paints and Dr Reddy’s were among the laggards.
