NEW DELHI: Equity indices continued their upward momentum on Tuesday with both the BSE and NSE indices scaling fresh closing highs amid persistent foreign fund inflows.
After scaling an intra-day high of 45,742, the 30-share BSE sensex surged 182 points or 0.40 per cent to close at 45,609; while the broader NSE Nifty settled 37 points or 0.28 per cent higher at fresh peak of 13,393.
Top gainers in the sensex pack included UltraTech Cement, TCS, Reliance, HCL Tech, Infosys and Kotak Bank rising as much as 3 per cent.
While Sun Pharma, IndusInd Bank, NTPC, Tech Mahindra, ONGC, Asian Paints and Bharti Airtel were the top losers falling up to 2.18 per cent.
On the NSE platform, sub-indices Nifty PSU Bank, Realty and IT gained as much as 7.13 per cent.
“Liquidity flow is extremely strong and I don’t see that going away anytime soon, given that money being pumped into the economy by the United States and the UK will find its way into the market,” Samrat Dasgupta, CEO at Esquire Capital Investment Advisors told news agency Reuters.
The stock indices have gained nearly 3 per cent so far in December, as of their last close, having hit record highs in 13 of the last 20 sessions.
Meanwhile, foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 3,792.06 crore on a net basis on Monday, according to provisional exchange data.
(With agency inputs)
Source From : Times Of India