Equity benchmarks Sensex and Nifty raced to new peaks on Wednesday as participants took note of continuously improving macroeconomic indicators and positive trends in global markets.
Market experts said that Indian equities continued to trade at record-high levels, gaining confidence from improving domestic macro-economic indicators and positive global market outlook.
Equity benchmark Sensex climbed 154 points to end at a fresh all-time high on Monday, tracking gains in ICICI Bank, L&T and Kotak Bank amid persistent foreign fund inflows and a largely positive trend in global markets.
Shares of Burger King India on Monday zoomed over 92 per cent in its debut trade against its issue price of Rs 60. The stock opened at Rs 115.35, a huge premium of 92.25 per cent against the issue price on the BSE. It later rose to a high of Rs 119.80, up 99.66 per cent.
In the previous session, Sensex ended 139.13 points or 0.30 per cent higher at 46,099.01, while Nifty rose 35.55 points or 0.26 per cent to 13,513.85.
Burger King India, which recently concluded its Rs 810-crore initial public offering, will make its debut on the stock exchanges on Monday.
Eight of the top-10 most valuable firms together added Rs 1,53,041.36 crore in market valuation last week in line with a bullish broader market trend, with Hindustan Unilever Ltd and Reliance Industries Ltd becoming the biggest gainers.
The Nifty50 on the National Stock Exchange was trading at 13,463.35, up 70.40 points or 0.53 per cent from its previous close.
Rising for the fourth straight session, equity benchmark Sensex jumped 182 points to end at its fresh lifetime peak on Tuesday, tracking gains in index majors Reliance Industries, TCS and Infosys amid persistent foreign fund inflows.
In the previous session, Sensex soared 347.42 points or 0.77 per cent to its fresh closing peak of 45,426.97, and Nifty rose 97.20 points or 0.73 per cent to an all-time closing high of 13,355.75.
Equity benchmark Sensex rallied 347 points to end at its fresh lifetime peak on Monday, tracking gains in index majors HDFC, HUL and ICICI Bank amid unabated foreign fund inflows.
Equity benchmark Sensex rallied over 300 points in early trade to hit its fresh intra-day record on Thursday tracking gains in index majors HDFC Bank, Reliance Industries and Maruti amid largely positive cues from global markets.
Among gainers, Tata Steel rose the most by 1.49 per cent, Titan by 1.41 per cent and Asian Paints by 1.29 per cent. Auto, FMCG and Infra stocks were trading in the positive territory with L&T rising by 1.23 per cent.
In the previous session, Sensex ended 110.02 points or 0.25 per cent lower at 44,149.72, and NSE Nifty slipped 18.05 points or 0.14 per cent to 12,968.95.
Equity benchmark Sensex rallied 432 points on Thursday, tracking gains in banking and financial stocks as the November series derivatives expired amid largely positive cues from global markets.
The 30-share BSE index was trading 120.03 points or 0.27 per cent higher at 43,948.13. Similarly, the broader NSE Nifty was 37.70 points or 0.29 per cent up at 12,896.10.
Equity benchmark Sensex rallied over 250 points in opening trade on Tuesday, tracking gains in index-heavyweights HDFC Bank, Maruti, ONGC and Axis Bank amid positive cues from global markets and unabated foreign fund inflows.
After touching a lifetime intra-day high of 44,271.15, the 30-share BSE index was trading 309.36 points or 0.70 per cent higher at 44,191.61 in the opening session.
Equity benchmark Sensex plunged 580 points on Thursday, tracking heavy profit-booking in financial stocks amid a weak trend in global markets.
Equity benchmark Sensex surged 227 points on Wednesday to finish above the 44,000-mark for the first time on Wednesday, tracking gains in financial stocks amid largely positive cues from Asian markets and persistent foreign fund inflows.
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