The stock market reached new milestones on Friday as the Sensex surged 255 points to close at an all-time excessive of 85,169.87, even as the Nifty 50 index gained 63. 63.75 points to settle at a file 26,004.15. This rally turned into a drive with the aid of sturdy buying in the banking, IT, and vehicle sectors.
During the day, even though the markets were swinging towards both the bulls and the bears, the last 1 hour of buying helped the indices close in the green territory. Sectors like Nifty Bank, Pharma, and Realty performed extremely well.
However, before lunchtime, volumes on the markets went down because investors decided to book some profits. Out of the Asian markets, KOSPI on the South Korean shares suffered a drop however, Hang Seng in Hong Kong, Nikkei 225 in Japan and Shanghai Composite in China were positive. The US markets were closed positively on Tuesday.
In the commodity market, Brent international crude slipped by 0.28 % to $74.96 per barrel. Reports indicated that Foreign Institutional Investors (FIIs) were net sellers on Tuesday when they sold shares worth Rs 2,784.14 crore.
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