On Friday, the market weekend day, the BSE Sensex surged to record highs while the NSE Nifty closed above the 14,000-mark markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks.
Extending its record-setting streak for the fifth day, the 30- share BSE Sensex rose by 117.65 points or 0.25 percent to close at a fresh lifetime high of 47,868.98. This is the eighth consecutive day of gains for the barometer and it has climbed by around 5 percent since December 22. The broader Nifty closed at an all-time high of 14,018.50, showing gains of 36.75 points or 0.26 percent over its previous close. Intra-day, the Nifty touched a record high of 14,049.85 while Sensex scaled a new peak of 47,980.36.
Among major Sensex gainers, ITC rose the most by 2.32 percent, followed by TCS, M&M, SBI and Bharti Airtel. TCS rose by 2.02 percent after the IT major said its board will meet on January 8 to approve financial results and a proposal for declaring the third interim dividend to shareholders. Among other IT stocks, Tech Mahindra rose 0.23 percent, Infosys by 0.36 percent and HCL Tech by 0.43 percent. Dr. Reddy's, L&T, Sun Pharma, Axis Bank, IndusInd Bank, Nestle and Ultratech Cement also advanced. Auto stocks rose on better sales numbers for December month. Market leader Maruti, which posted a 20 percent increase in vehicle sales in December, rose by 0.53 percent while Bajaj Auto closed up by 1.03 percent.
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