Nifty, Sensex Close At Record As HDFC Bank, Infosys Lead: Market Wrap
Out of the 20 sectoral indices on the BSE, 17 ended higher, with Information Technology rising the most.
The Indian benchmarks indices recouped losses from last session and closed at all-time highs on Monday, tracking gains in shares of HDFC Bank Ltd., and Infosys Ltd.
The NSE Nifty 50 ended at 131.35 points or 0.55% higher at 24,141.95, and the S&P BSE Sensex settled 443.46 points or 0.56% up at 79,476.19.
The Nifty started the month marginally lower but a sharp upmove in the IT counters pushed the Index higher, according to Aditya Gaggar, director of Progressive Share Brokers.
"This week, focus will be on the US payrolls report, FOMC minutes, and other employment data," Prashanth Tapse, senior vice president of research at Mehta Equities Ltd., said. "Technically, Nifty's record high at 24,174 and Sensex's peak at 79,671.58 will be key hurdles."
HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd. and Bajaj Finance Ltd. led the gains in the Nifty.
NTPC Ltd., State Bank of India, Larsen & Toubro Ltd., Reliance Industries Ltd. and Axis Bank Ltd. weighed on the benchmark.
On the NSE, nine sectors advanced and three declined out of 12, with the Nifty Media leading the gains.
The broader indices outperformed as the BSE MidCap rose 1.11% and the SmallCap rose 1.58%.
Seventeen sectoral indices out of the 20 on the BSE ended higher, with Information Technology rising the most.
The market breadth was skewed in the favour of the buyers as 2,628 stocks rose, 1,370 fell and 146 remained unchanged on the BSE.
