Both the Indian benchmark indices, Sensex and Nifty, soared to fresh lifetime highs on Tuesday (July 2). In the early trade, the 30-share BSE Sensex rose 0.47 per cent or 379.68 points to clock in a record high of 79,855.87.
The broader NSE Nifty 50 index crossed the 24,200 level for the first time. The index advanced 0.39 per cent or 94.4 points to hit an all-time high of 24,236.35.
Among the Sensex pack, HCL Technologies, Tata Consultancy Services, Infosys, Bharti Airtel, HDFC Bank and Power Grid were the biggest gainers. Tata Motors, Bajaj Finance, Kotak Mahindra Bank and ICICI Bank were among the laggards.
Shares of Eicher Motors, Wipro, Tech Mahindra, HCL Technologies, and Hero MotoCorp were among the major gainers in the Nifty pack, while the losers were Bajaj Auto, Sun Pharma, Bajaj Finance, Tata Motors, and Adani Enterprises.
Here are two reasons why the benchmark indices have touched record highs:
It is interesting to note that a strong base for today’s life high had been created on Monday when the BSE benchmark settled higher by 443.46 points or 0.56 per cent at an all-time high of 79,476.19. The Nifty had climbed 131.35 points or 0.55 per cent to settle at a fresh lifetime high of 24,141.95.
With inputs from agencies
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Nifty, Sensex soar again! Benchmark stock indices clock in fresh record highs; here’s why
