INSUBCONTINENT EXCLUSIVE:
The 30-share BSE index touched an intraday high of 62,245.New Delhi: Equity indices continued to hit record highs on Tuesday in a highly
The benchmark BSE Sensex jumped 251 points or 0.41 per cent to 62,017 in late deals; while the broader NSE Nifty moved 53 points or 0.29 per
cent higher to 18,530.Both the BSE and NSE indexes gave up early gains to slip into red during the late morning deals but soon turned
The 30-share BSE index also touched an intraday high of 62,245.Top gainers in the BSE pack included Tech Mahindra, Larsen and Toubro, Bajaj
Finserv, Infosys, Reliance Industries and Mahindra - Mahindra with their shares rising as much as 5.05 per cent
ITC, UltraTech Cements, Titan, PowerGrid, Tata Steel and Dr Reddy's were among the top losers.On the NSE platform, Nifty IT outperformed the
index by rising as much as 2.76 per cent
Nifty Financial Services and Media were also trading in green
Except the mentioned three sub-indices, rest of the sectoral indices were in red."Investors are focusing on positive events like the
upcoming festival demand and earnings growth
Fundamentally, the support is coming from the monetary policy and slowdown in inflation," Vinod Nair, Head of Research at Geojit Financial
Services told news agency Reuters.The Reserve Bank of India (RBI) said on Monday that policy support is needed for longer for a sustained
recovery from a coronavirus-induced slowdown, even as demand has picked up."There are expectations the second quarter numbers will be better
than previous quarter," Mr Nair added.Shares of information technology services provider Larsen and Toubro Infotech surged as much as 14 per
cent after reporting strong September-quarter results.Consumer giant Hindustan Unilever is among a slew of companies that will report
earnings later in the day.TTK Prestige surged as much as 20 per cent to a record high of Rs 10,587.15 after the kitchen appliance maker said
it will consider a sub-division or split of shares.Indian Energy Exchange soared nearly 20 per cent to a record high after the energy
trading platform said it will consider a bonus issue of shares.Meanwhile, foreign institutional investors (FIIs) were net buyers in the
capital market, as they purchased shares worth Rs 512.44 crore on Monday, as per exchange data.According to some market experts, investors
are booking profits at every peak, adding volatility to the market.
