Indian shares rallied on Tuesday to reach record closing highs, with healthy macro-economic data as well as better-than-expected quarterly results boosting investor sentiment.
The benchmark 30-share BSE Sensex jumped as much as 872.73 points, or 1.65 percent, to close at new record peak of 53,823.36, extending its rally for the second straight session. The broader NSE Nifty index settled up by 245.60 points, or 1.55 percent, at a fresh high of 16,130.75.
Titan led the gainers to rise as much as 4 percent while UltraTech, Nestle India, IndusInd Bank and HDFC rose between 2.7 percent and 3.8 percent.
JSW Steel, Shree Cement and Bajaj Auto ended with modest losses.
Globally, other Asian markets ended on a mixed note amid lingering concerns over the spread of the Delta virus variant and China’s regulatory crackdown over technology companies in dramatic ways.
European stocks hovered near record highs as a set of upbeat earnings results helped offset concerns about spiking COVID-19 cases in Asia and Chinese regulation uncertainties.
Market Analysis
Sensex, Nifty Reach Record Closing Highs
2021-08-03 11:11:38
