THE BENCHMARK INDICES SETTLED AT THEIR RECORD CLOSING HIGHS ON TUESDAY TAKING POSITIVE CUES FROM GLOBAL MARKETS AFTER THE UNITED STATES AND MEXICO AGREED TO OVERHAUL THE NORTH AMERICAN FREE TRADE AGREEMENT. THE S&P BSE SENSEX SETTLED AT A FRESH RECORD CLOSING HIGH OF 38,897, UP 203 POINTS, WHILE THE BROADER NIFTY 50 INDEX CLOSED AT A NEW HIGH OF 11,739, UP 47 POINTS. IN INTRA-DAY DEALS, THE S&P BSE SENSEX HIT A NEW ALL-TIME HIGH OF 38938.91. THE NIFTY50 INDEX, ON THE OTHER HAND, TOUCHED ITS RECORD HIGH LEVEL OF 11,760.20. AMONG INDIVIDUAL STOCKS, MARKET HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SETTLED A NEW ALL-TIME HIGH OF RS 1,323, UP 2.4 PER CENT.
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Equity benchmark indices remained in the positive territory amid positive global clue. The Nifty managed to hold the 11,700-mark and was up 32 points, while Sensex was trading up 167 points at 38,853. On the sectoral front, metal, IT, and auto stocks gained, while consumer durables, PSU, realty and infrastructure succumbed to selling pressure.
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After opening at fresh record highs, equities have erased some of their gains on the back of selling in banks. The Bank Nifty is down one-third of a percent. Weakness in midcaps, too, has weighed on the indices. The Nifty is now trading just above 11,700-mark. Other sectoral gainers include pharmaceuticals, IT and energy names. Among stocks, shares of Jet Airways rose 3 percent, even as the airline reported a loss of Rs 1,300 crore for the June quarter. Meanwhile, RIL has hit another milestone, touching Rs 1,300 apiece. The Sensex is up 80.75 points or 0.21% at 38774.86, while the Nifty is up 24.00 points or 0.21% at 11716.00. The market breadth is narrow as 913 shares advanced, against a decline of 909 shares, while 108 shares were unchanged.
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