Categories: Business

Sensex rose 145 points for a fresh peak scale; Nifty ends above 16,550

Mumbai: Equity Benchmark Sensex jumped 145 points to end at a new height on Monday tracing profits in the Reliance Industries Department index, Bajaj Finance and Tata Steel.
Although opening on choppy records, the 30-stock index ended 145.29 points or 0.26 percent higher at the new peak of 55,582.58.
It touched an intra-day high record 55,680.75.
Similarly, the nifty NIFTY rose 33.95 points or 0.21 percent to a high fresh 16.563.05.
During the day, it went up to the new intra-day peak of 16,589.40.
Tata Steel is the top enhancer in the sensex package, rally almost 4 percent, followed by Bajaj Finance, M & M, Bajaj Finserv and Reliance Industries.
On the other hand, Maruti, Bajaj Auto, Powergrid Ad Ultratech Cement is among Lambgard.
“The domestic benchmark index extended today’s gains, while MIDCAP and SketCap shares remained under pressure” said Binod Modi, head strategy at Reliance Securities.
Strong rebounds in metals are followed by good assisted financial services.
In addition, a sharp recovery in the dependency industry after media reports stated that the $ 25 billion ARAMCO agreement was at the continuation also supporting the benchmark index, he said.
Furthermore, a strong June quarter performance was reported by a metal company and a stable price in the international market assisted by metal stocks to see sharp rebound, added modi.
Elsewhere in Asia, the stock exchange in Hong Kong, Tokyo and Seoul ended with a loss, while Shanghai was positive.
Equity in Europe is also traded on negative records on the middle session agreement.
Meanwhile, Brent raw international oil benchmark fell 1.33 percent to $ 69.65 per barrel.

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