Sensex Rallies Over 400 Points; Infosys, Tech Mahindra, Tata Steel Top Gainers
NDTV
On the stock-specific front, Infosys, Tata Steel and Tech Mahindra topped the gainers list on the BSE, with gains of 1-3 per cent each on the BSE
The stock markets hit fresh all-time highs on Monday, continuing with the momentum seen in the past week, on the back of strength in select metal and information shares. The BSE Sensex ended at 61,766, higher by 459 points or 0.74 per cent and the NSE Nifty ended at 18,477, up 138 points or 0.76 per cent. The broader markets also ended firm, with the BSE Midcap index gaining 0.9 per cent and the BSE smallcap index adding 0.6 per cent.
On the stock-specific front, Infosys, Tata Steel and Tech Mahindra topped the gainers list on the BSE, with gains of 1-3 per cent each on the BSE. ICICI Bank, ITC and Maruti Suzuki were the other significant gainers in the BSE pack. Index heavyweight Reliance Industries ended the day at Rs 2705, up 0.22 per cent, after hitting a 52-week high of Rs 2744 earlier in the day. In the process, Reliance industries' market cap surpassed Rs 18.50 lakh crore.
And shares of metal companies were in focus, with the Nifty Metal index rising 4 per cent to a record high, due to a rise in base metal prices. Metal supply cuts are spreading from China to Europe as energy shortages drive up the costs of electricity and natural gas. In the metal space, Hindalco, JSW Steel and Tata Steel ended with gains of 3-5 per cent.
On the other hand, HCL Tech, M&M and Asian Paints were the top losers in the BSE pack.
