Mumbai : Benchmark Sensex rose 259 points on Tuesday to a new high of 47,613 while peer Nifty went up 59 points to 13,933.
Bulls continued their pressure of going ahead for the fifth day in a row on Tuesday to reach all time highs with financials leading the gains.
HDFC moved ahead 1.65 per cent while major private lenders HDFC Bank and ICICI Bank rose 1.02 and 1.68 per cent respectively.
Market breadth was neutral but was narrow compared to Monday’s trade as small caps and Mid caps stocks showed underperformance.
Globally, the markets were upbeat as the sentiments were buoyed after President Donald Trump signed a dollars 900 billion coronavirus relief package into a law.
The other highlights which raised market sentiments were that Tata Sons are planning to buy majority stake in Air Asia and Government of India extending suspension of flights with U.K beyond December 31 in the background of a new coronavirus strain being found in that country.
