Market rally continues for fifth day; Nifty hits new peak, Sensex up 281 points
The Hindu
The 30-share BSE Sensex rose by 281.52 points or 0.39% to close at 72,708.16
Stock markets closed higher for the fifth consecutive day on February 19 with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares.
The 30-share BSE Sensex rose by 281.52 points or 0.39% to close at 72,708.16. As many as 17 Sensex shares advanced while 13 closed in the red. After a firm start, the index hit a high of 72,881.93 in day trade.
The broader Nifty closed at its all-time high of 22,122.25 points, up by 81.55 points or 0.37% from the last close.
The 50-issue barometer also scaled its intra-day record high of 22,186.65 helped by gains in pharma, banking and oil shares. As many as 27 Nifty shares posted gains while 23 declined.
"The overall sentiment appears to position Nifty for a potential upward movement towards 22,500-22,600 in the short term. The immediate crucial support is situated at 22,000," said Rupak De, Senior Technical Analyst, LKP Securities.
In the broader market, the BSE Midcap rose by 0.29% while BSE SmallCap gained 0.77%, beating bigger peers. The BSE largecap was up 0.35%.
Among sectoral indices, BSE Telecom rose by 1.52%, BSE Utilities by 1.29%, BSE Consumer Durables by 1.76%, BSE Services by 1.22%, and FMCG by 0.84%.