Tuesday saw new all-time highs for the key equity indexes Sensex and Nifty as a result of fresh foreign money inflows and purchasing in banking equities. The domestic benchmark indices were upbeat on Monday thanks in part to a favourable trend in US markets.
IndusInd Bank, Axis Bank, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Maruti, and Asian Paints were some of the top gainers from the Sensex pack.
Among the backward companies were Bharti Airtel, Tech Mahindra, Titan, UltraTech Cement, Tata Consultancy Services, and Tata Steel.
Tokyo was trading higher on Asian markets, while Seoul and Shanghai were trading lower.
On Monday, the US markets finished in the green.
According to exchange data, foreign institutional investors (FIIs) kept up their buying trend on Monday, purchasing shares of stock worth Rs 73 crore.
“The bulls continue to benefit from the overall market structure. The market may become more resilient as a result of the decreasing dollar and the capital flows it causes to emerging markets. High valuations and potential profit-booking, however, may limit the gain. The near-term trend may be a healthy consolidation, according to V K Vijayakumar, chief investment strategist at Geojit Financial Services.
To reach USD 78.80 per barrel, benchmark Brent crude saw a 0.38 percent increase.
The BSE benchmark increased by 529.03 points, or 0.80%, to close on Monday at an all-new high of 66,589.93. To finish at a record high of 19,711.45, the Nifty gained 146.95 points, or 0.75 percent.