The Indian stock market closed at record highs on Monday led by gains in Reliance Industries, Baja Finance, HDFC, Tata Steel HDFC Bank and Mahindra & Mahindra. BSE Sensex at intraday rose as much as 243 points to hit an all-time high of 55,680.75 and Nifty 50 index touched record high of 16,589.40. At the closing point, The Sensex ended 145 points higher to close at an all-time high of 55,582.58 and Nifty 50 index rose 34 points to end at record high of 16,563.
Tata Steel and Bajaj Finance rose 4 percent each followed by Mahindra & Mahindra, Britannia, IOC, BPCL, JSW Steel, Bajaj Finserv and HDFC also rose 1-3 percent. On the flipside, Maruti Suzuki, Shree Cements, Eicher Motors, Power Grid, Bajaj Auto, State Bank of India, UltraTech Cement, Coal India and Tata Motors were among the losers. Broader markets underperformed their larger peers as the Nifty Midcap 100 index fell 0.35 percent and Nifty Smallcap 100 index declined 0.72 percent.
Nine of 15 sector gauges compiled by the NSE ended lower led by the Nifty Media index's 1.4 percent decline. Consumer Durables, Realty, Pharma, IT, Auto and Bank indices also closed with a negative bias. The nifty Metal index was the top Nifty gainer, up 1.5 percent. Oil & Gas, FMCG and Financial Services indexes also closed higher.
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