New Delhi: The equity index that was increased again closed high on Monday with BSE Sensex benchmarks up more than 450 points led by profits in metal, weak bank shares.
After increasing the highest intra-day 61,963, the 30-Share BSE index jumped 460 points or 0.75 percent to complete the new record 61,766.
Meanwhile, the wider NIFTY NSE settled 138 points 0.76 percent higher at the new peak of 18,477.
Infosys is the largest enhancer in the sensex package up 4.47 percent followed by Tech Mahindra, Tata Steel, ICICI Bank and ITC.
While M & M, HCL Tech, Dr.
Reddy’s, Cat Asia, Bajaj Auto and HDFC Bank are the main losers down to 2.24 percent.
The market increases the peak record even though there are mixed signals from the global market because of the disappointing Chinese GDP figures and fear of global inflationary pressure as a result of lack of energy.
Chinese GDP grew only 4.9 percent during the July-September quarter because of the growth of lower industrial activity than expected.
However, the trend in the Indian Bullish market because Bank PSU, Metals, IT and energy stocks took over the rally, Vinod Nair, head of research at Geojit Financial Services to the PTI news agency.
The Nifty metal index jumped 3.9 percent, led by a 15 percent leap in Zinc Hindustan, because the price of global zinc was thorny on cutting production.
The Nifty Energy Index rose 1.9 percent after crude oil prices reached the highest in these years.
Furthermore, the PSU Bank Nifty index rose nearly 4 percent after the largest private sector lenders in India rose more than 2 percent to a record high after reporting a 17.6 percent surge in September quarter profit during the weekend.
Indiabulls real estate real estate developers rose as much as 6.43 percent after reporting quarterly net profit against last year’s losses.
“While some commodity prices have cooled, certain metals such as zinc, aluminum and copper soared.
Crude oil prices have also reached a multi-year high.
For now, producers are likely to benefit from this surge,” AK Prabhakar, head of research in advertisements IDBI told the Reuters news agency.
Meanwhile, foreign institutional investors (FIIS) are clean buyers in the capital market, because they buy shares worth 1,681.60 crore rs, according to data exchange.
(With input from the agency)