Sensex, Nifty Rally For Sixth Session In A Row; Close At Record Highs

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Sensex, Nifty Rally For Sixth Session In A Row; Close At Record Highs

The Indian equity benchmarks surged for sixth session in a row and clocked another session of record highs on Monday, as a budget-inspired rally continued, with banking, auto and metal shares leading the broad-based rally. The benchmarks staged a gap up opening and held on to gains wherein the Sensex rose as much as 792 points to hit record high of 51,523.38 and Nifty 50 index closed above its important psychological level of 15,000 for the first time. The Sensex has surged a whopping 11.31 per cent and Nifty 50 index has climbed 11.2 per cent since the Budget was presented last Monday.
The Sensex climbed 617 points to close at record high of 51,349 and Nifty 50 index advanced 192 points to settle at record high of 15,116.



Infosys, ICICI Bank, Reliance Industries, Tata Consultancy Services, Mahindra & Mahindra, Larsen & Toubro and Axis Bank were top movers in the Sensex, they collectively added over 350 points towards the Sensex.

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Auto and Metal indexes' over 3 per cent gain. Nifty IT, Media, Private Bank, Realty and Bank indexes also rose between 1-2.5 per cent.

On the other hand, FMCG and PSU Bank indexes ended with a negative bias.

Mid- and small-cap shares also witnessed buying interest as Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 1.5 per cent each.

SOURCE -  https://www.ndtv.com/business/share-market-updates-sensex-nifty-rally-for-sixth-session-in-a-row-close-at-record-highs-2365774