New Delhi: The equity index surged to record the highest in another session on Tuesday with BSE Sensex benchmarks up more than 650 points led by a metal increase, its shares were due to investors awaiting the release of domestic product data (GDP).
After a lifetime high of 57,625, the 30-Share BSE index jumped 663 points or 1.16 percent to complete the highest record of 57,552.
While the wider NSE NSE settled 201 points or 1.19 percent at a fresh peak of 17,132.
Bharti Airtel is the top enhancer in the sensex package up nearly 7 percent to reach 52 week highs after its founders say that wireless operators want to increase access to growth capital and reduce debt leverage, the day after it announced plans to raise up to RS 21,000 Crore.
Bajaj Finance, Bajaj Finserv, Cat Asia, Titan and TCS are another enhancer that rose by 4.94 percent.
In fact, Nestleindia, Bank Indusind, Reliance and Powergrid were the only ones who lost to 1.29 percent.
On the NSE platform, the nifty metal sub-index, consumer durability and financial services rose to 1.19 percent.
The BSE index now regretts more than 4,000 points so far this month because the market continues to rally.
The market capitalization of companies registered in BSE surged to highs of all time Rs 2,48,34,296 crore in morning trade.
“After run-up on the market, it must take a breath and then take a signal from the global market.
Consolidation has long matured, which must occur,” Council Neeraj, Director at Quantum Securities told the Reuters news agency.
India will release its quarterly GDP data for the period April-June 2021 later on.
“The distinguishing features of this bull market which began in April 2020, is that it has been very stable without a large correction,” V K Vijayakumar, head of investment strategist at Geojit Financial Services to the PTI news agency.
Meanwhile, foreign institutional investors (FIIS) change clean buyers in the capital market because they buy shares worth 1,202.81 crore on Monday, according to temporary exchange data.
(With input from agency)