Sensex hits 37,000 mark for the first time
The BSE Sensex crossed the 37,000-mark for the first time today by jumping 156.42 points, or 0.42%, to 37,014.65 in early trade today, breaching its previous intra-day record of 36,947.18 hit yesterday. Strong gains in capital goods, FMCG, realty, banking, PSU, auto, healthcare, infrastructure, consumer durables and oil and gas stocks helped the index touch the new milestone. Here are more details.
NSE Nifty touched a new peak of 11,172.20
NSE Nifty too touched a new peak of 11,172.20. Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high. The NSE Nifty spurted 40.20 points, or 0.36%, to hit a new peak of 11,172.20, surpassing its previous (intra-day) record of 11,171.55 hit on January 29.
Unabated buying by DIIs, encouraging Q1 earnings lifted the market
Analysts said strong liquidity in the market following unabated buying by domestic institutional investors (DIIs) and encouraging Q1 earnings by some companies lifted the mood. On a net-basis, DIIs bought shares worth Rs. 97.64cr while foreign portfolio investors (FPIs) sold shares worth Rs. 1,195.75cr yesterday.
Who were the top gainers and losers?
Top gainers that helped Sensex scale its new peak were SBI, Bharti Airtel, Tata Motors, ITC, Coal India, L&T, ONGC, HDFC Bank, RIL, Maruti, M&M, Bajaj Auto, IndusInd Bank, Kotak Bank and HDFC, rising up to 1.79%. While, Asian Paints, Hero MotoCorp, Wipro, and Infosys were among the top-losers, shedding up to 1%. Hong Kong's Hang Seng was up 0.56%, Japan's Nikkei gained 0.02%.