In the broader market, the S&P BSE MidCap index rallied 0.79 per cent to 17,659 while NSE’s Nifty added 0.74 per cent to 17,683 points. (Photo: Kamlesh Pednekar)
The domestic equity market started the week on a strong note as the benchmark indices scaled fresh lifetime highs amid broad-based buying.
Among headline indices, the S&P BSE Sensex ended at a fresh closing peak of 46,253, up 154 points, or 0.34 per cent while NSE’s Nifty ended 44 points, or 0.33 per cent higher at 13,558 levels.
Volatility index, India VIX, gained over 3 per cent to 19 levels.
ICICI Bank, L&T, ONGC, and TCS were among the top contributors to the Sensex’s gain while HDFC Bank and Reliance Industries (RIL) were the biggest drags.
In the broader market, the S&P BSE MidCap index rallied 0.79 per cent to 17,659 while NSE’s Nifty added 0.74 per cent to 17,683 points.
Among sectoral indices on the NSE, barring Nifty Auto and Nifty Realty, all other indices settled in the green. Nifty PSU Bank index surged 1.77 per cent to 1,860.75 levels while Nifty Metal added 1.38 per cent to 3,189.50 points.
Stocks began a busy week with guarded gains as investors gauged the chance of added US fiscal and monetary stimulus, while the British pound rose in relief as a last-gasp extension to Brexit talks dodged a hard divorce.
In Europe, shares rose as a decision to extend trade talks between Britain and the European Union kept hopes of an eventual deal alive, but London’s blue-chips lagged on a higher pound as well as a 6.3 per cent drop in AstraZeneca.
In commodities, oil prices rose, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
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