Sensex up 350pts, Nifty tops 19400; Bajaj twins rally up to 7%
Equity benchmark indices extended gains and opened at fresh record highs on Tuesday as investor sentiment remained firm amid strong FII buying. The BSE Sensex rose 370 points to 65,580, and the NSE Nifty50 gained 80 points to a new high of 19,408.
Bajaj twins led gains on the Sensex, rallying 5-7 per cent after Bajaj Finance’s new loans booked during Q1FY24 grew 34 per cent to 9.94 million.
L&T, IndusInd Bank, M&M, Titan, HDFC Bank and Wipro were the other gainers. Hero Moto was the additional winner on the Nifty.
On the flip side, Bharti Airtel and Reliance fell 0.7 per cent and 2 per cent, respectively. Eicher Motors dropped 4 per cent on the Nifty. ONGC, Axis Bank, NTPC, Divi’s Lab were the other frontline drags.
The broader markets held relative strength over benchmarks. The BSE MidCap and SmallCap indices gained up to 0.57 per cent.
Among sectors, Nifty Financials, IT and Consumer Durables led gains, up 0.5-1 per cent, while Oil & Gas, Metal and FMCG pockets underperfomed.