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Sensex, Nifty Hit Record Highs As Markets Extend Rally To Fourth Day: 10 Things To Know
Benchmark indexes surpass all-time highs registered in April Advances in Reliance Industries, HDFC push Sensex higher Analysts say rally before election results could be short-lived
21 May 2019, 10:43 AM IST 
Reliance Industries, HDFC and HDFC Bank contributed the most to the advances on Sensex
- At 10:41 am, the Sensex traded 107.51 points - or 0.27 per cent - higher at 39,460.18 while the Nifty was up 21.65 points - or 0.18 per cent - at 11,849.90.
- Top gainers on the 50-scrip index at the time were Dr Reddy's Laboratories, Bharti Infratel, Reliance Industries, UPL and Cipla, trading between 2.02 per cent and 3.77 per cent higher.
- Reliance Industries, HDFC and HDFC Bank contributed the most to the advances on Sensex.
- On the other hand, top laggards on the Nifty 50 were Tata Motors, Bharat Petroleum, Indian Oil, Adani Ports and IndusInd Bank, trading between 2.66 per cent and 4.92 per cent lower.
- Tata Motors shares fell as much as 3.66 on the BSE, a day after the carmaker reported its earnings for the quarter ended March 31. In a regulatory filing post-market hours on Monday, Tata Motors posted a net profit of Rs. 1,117 crore for the three-month period, marking its first quarterly profit in the fiscal year.
- Some analysts say that the rally before the election results due on Thursday could be short-lived. The poll of polls, an aggregate of exit polls, gives the BJP-led National Democratic Alliance (NDA) 302 of 543 seats. (Read more: NDA to form government comfortably, predicts poll of polls)
- Equities in other Asian markets wobbled near four-month lows on mounting worries about the US-China trade talks.
- MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8 per cent from a nine-month peak hit just over a month ago. Japan's Nikkei fell 0.5 per cent.
- In New York, the S&P 500 lost 0.67 per cent while the Nasdaq Composite dropped 1.46 per cent.
- On Monday, the Sensex and Nifty had risen 3.75 per cent and 3.69 per cent respectively to end at record highs, registering their biggest single-day gain since September 2013.
(With inputs from Reuters)
