Benchmark indices on Thursday continued to rise for the third day in succession and hit fresh record highs even as the demand for IT stocks continued to prevail and auto stocks witnessing profit booking.
The 30-share pack Sensex rose 254.80 points or 0.48 per cent to close at 53,158.85. Its broader peer NSE Nifty rose 70.25 points or 0.44 per cent to 15,924.20.
The reason for the Benchmark indices hit fresh highs were positive Asian Markets and rally in Realty, IT, Financials and Metal stocks besides robust Q1 earnings, said Market experts.
Market Highlights :
— L&T Tech Services moved 18 per cent upwards after superb Q1 results.
— Sequent Scientific rose 8 per cent after tablet approval in Turkey
— Titans closed in the Red after Jhunjhunwalas reduce stakes
— Zomato IPO issue subscribed 1.74 times
— HCL Tech rises 5 per cent in the wake of superb Q1 earnings expectations
Among the top companies, HCL was the highest gainer, rising 5.01 per cent followed by L&T, Wipro, Tech Mahindra, Hindalco, UPL, HDFC Bank, ITC, UltraTech Cement and Tata Steel.
The losers were ONGC which fell 3.06 per cent. The other losers were Eicher Motors, Bharti Airtel, Grasim, Coal India, Britannia Industries, Sun Pharma, Titan and Indian Oil.
Broader market indices ended higher as they outperformed their headline peers. Nifty Smallcap gained 0.95 per cent and Nifty Midcap rose 0.48 per cent. Nifty 500, the broadest index on NSE, ended up 0.43 per cent.
Market breadth was in favour of gainers as 1662 stocks closed in the Green while 1576 others settled with cuts. A total of 510 stocks hit the 52-week highs mostly from smallcap space. Nearly 23 stocks hit 52-week lows mostly from microchip space. Around 500 stocks hit the upper circuit limits and 205 touched the lower circuit limits.
